I have many gray hairs, but here's what I know.
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Highkey and lowkey - obvious and subtle.
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fax is "facts" - true. Often in the sense of agreement.
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Fuck around and find out - do something risky and reap the consequences
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It's giving - how it makes you feel, or what it reminds you of.
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Cap and no cap - lying and telling the truth.
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Big yikes - bad, especially cringey.
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Tea - (n) gossip. (v) "spill the tea"
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Shoutout - give credit to someone. I don't think this one makes much sense here.
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Yap - talk, especially too much or unnecessarily.
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Yeet - throw, often without careful aim. (Unlike "Kobe", which is a throw with aim)