It's the jack-off fist that was popular in the nineties to signal boredom or annoyance.
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Also, sometimes used along with, “would you like a hand job?”
It's a fist.
Ah, I see. But is that ALL it is?
They are holding out a fist. Hardly a gang sign. In African American culture a first often represents struggling against racist laws, and principals, against terrorist groups like the KKK, and white supremacy from government officials like Hoover, or embedded in laws and customs, which would fit the title of the song.
Look, this isn't complicated, they are holding out a fist. This is a pretty universal expression of readiness or willingness to fight.
I don't know about Jay z, but Biggie has the look of "Bitch better have my money" on his face so imma go with that.
Its a common euphemism for jacking off. Usually means this is what I think of what your talking about or you.