Intangible, bet you didn't think so I command you to
Panoramic view, look, I'll make it all manageable
Pick and choose, sit and lose, all you different crews
Chicks and dudes, who you think is really kicking tunes?
The verse takes an existential turn here. After becoming intangible, Del realises that he has a wider view of the world than the living. He sees and observes more, and realises that people might not be as in control of their actions as they seem in life (both because of philosophical reasons about the brain controlling you, and because Del is probably possessing you as we speak).