Lebron is a slang word for "blow" which is a slang word for cocaine. Prior to the start of the basketball game, Lebron James powders his hands and throws it in the air similar to something you would see Al Pacino do in Scarface.
Mo: Last night was wild.
Krackis: Oh yea? What'd ya get into?
Moseph: I partied with Lebron...
Krackis: Lebron keeps the party going all night.
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