The song seems to be directed toward a battle, Possibly the one with the band Mushroomhead, who have accused Slipknot of ripping them off. Interpretation:
"I'm not the second coming, I'm the first wave" - expressing how they aren't the copies.
"In other words, consider me branded. Another version of me, another version of you" - He seems to have changed his view. They're just the same idea, neither of them copied the other.
"I belong to only me, silence for my rivalry" - Mushroomhead and Slipknot shouldn't be feuding.
Paul - Kalispell, MT