I'm 'round about I bought a round of English ale for my pals
Chance is treating his homies to an ale, which is a type of beer from brewed barley.
I’m ‘round about is also a play on words in reference to the london roundabouts. Nothing illustrates these quite like National Lampoons: European Vacation:
To help improve the meaning of these lyrics, visit “Life Round Here (Remix)” by James Blake (Ft. Chance The Rapper) Lyrics and leave a comment on the lyrics box