VIDEO: Jim Jones shows off $1,500 Knicks hat

"We stay fly, no lie, and you know this."

Jim Jones warned us all on We Fly High that he was forever Ballin', but the extent to which that's true became a little clearer Sunday, when TMZ caught the Dipset rapper in a very expensive New York Knicks hat.

"Something like that," the Bronx-born Jones said when asked to confirm his Knicks cap was $1,500. The Don C design, courtesy the RSVP Gallery (a must-click link for NBA swag junkies), is a Mitchell & Ness "genuine python bill sewn on lamb skin" with gold engraving about the buckle. In a word ... damn.

Your move, Spike Lee.