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from The English Language – Punctuation Marks on Rap Genius

Meaning

Pound it out.

The number sign, a.k.a. the pound sign (in the U.S. and Canada; in the UK, pound sign refers to the currency symbol, £ or ₤), a.k.a. the hash, has traditionally been used to designate a number (or to stand in for the word “number”). It’s also used by proofreaders to indicate where a space should be inserted in a text.

These days, it’s mainly used in the ubiquitous art of hashtagging, making it the preferred punctuation mark of Twitterers and assholes.

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