The first part sounds like 'Psychotic Barney Mika rap' to me, but that doesn't really make sense.
The line at the end is 'It ain't a bad thing to be a loser'. And I can't make out the words after the 'crazy, lazy, a faggot or...' part.
Also, in the pre-chorus I think the words are 'I never was a starter', not 'star but'.