Piquete is popular Puerto Rican slang for "swagger", "style", or a unique and confident flair. It's that special something that makes a person stand out.
In "NUEVAYoL", Bad Bunny uses it as a term of mutual admiration, singing, "Tú tienes piquete, mami, yo también" (You've got swagger, baby, me too). It's a cool, essential word to know if you're a fan of reggaeton, as it captures the confident energy of the genre.
Bad Bunny is throwing a party for New York City, specifically for the Puerto Rican and Dominican communities there. The whole song is an invitation: "Si te quieres divertir con encanto y con primor / Sólo tienes que vivir un verano en Nueva York" (If you want to have fun with charm and grace / You just have to live a summer in New York). He shouts out the Bronx and Washington Heights, painting a picture of a Fourth of July party with his drunk cousin and shots of rum at a friend's house. It feels like a real summer block party where, as he says, "PR se siente cerquita" (Puerto Rico feels close).
Amidst the party, Bad Bunny takes a moment to remind everyone who's in charge. He compares himself to legends like salsa musician Willie Colón and rapper Big Pun, and boasts he's "Vendiendo discos como cuadros de Frida Kahlo" (Selling records like Frida Kahlo's paintings). He even asks, "¿Cómo Bad Bunny va a ser rey del pop?" (How is Bad Bunny going to be the king of pop?), and then answers his own question: "Con reguetón y dembow". The song then shifts to the dance floor, where he's flirting with someone who has as much style as he does. "Tú tienes piquete, mami, yo también" (You've got style, mommy, me too), he says, before telling her to dance.