White socks, white underwear, and no tattoos does not exactly scream "gangsta" to me (though it's possible), so I went looking for what that poem might mean.
I don't know whether it was in 1994, but "dragon" is sometimes slang for marijuana cigarettes. You know, like Puff the Magic?
"*advertiser censored** you, I'm a dragon" is a slogan for a group of people who identify as otherkin. Just google it; I don't feel up to explaining...but here's an example:
http://forum.deviantart.com/community/complaints/1253645/. I don't know to what extent this particular form of insanity existed yet in 1994; some sources I found trace the phrase to a flame war in LiveJournal in 1997, but the people who think they're dragons were around before that. So maybe.
Dragons are common in the world of Dungeons and Dragons and online role-playing games, and would have already been pretty common in 1994, though not as prevalent as now.
The St. Benedict medal includes a line "May the holy cross be my light! May the dragon never be my overlord!" which is known as the
Vade retro satana among Catholics. The dragon there represents Satan. I can see somebody who got involved with some sort of neo-black-pagan cult thinking they had *advertiser censored**ed with Satan and lost. Too bad he's not carrying a medal.
I also found some stuff that's just too weird to even follow up on.