Espabilamos comes from the verb espabilar, which literally means 'to wake up' or 'to become alert'. It's a fantastic colloquial word used in Spain to mean 'to wise up', 'to get sharp', or 'to get your act together'.
In the song, the line "Y a ver si espabilamos los que estamos vivos" is a hopeful call to action for the new year. It translates to "And let's see if we who are alive get our act together," encouraging everyone to make the most of life. It's a motivational word that perfectly captures the spirit of new beginnings.
This song throws you right into the middle of a massive New Year's Eve party in Madrid's famous Puerta del Sol square. It's a snapshot of a very specific Spanish tradition: the countdown to midnight. The scene is full of chaos and celebration, with "el champagne y las uvas" (the champagne and the grapes) and "petardos que borran sonidos de ayer" (firecrackers that erase the sounds of yesterday). The song paints a hilarious picture of the crowd, a mix of everyone from "marineros, soldados, solteros, casados" (sailors, soldiers, single people, married people) to the "cura despistao" (the odd lost priest).
But it's not just about the party. In the last five minutes before the new year, everyone takes a moment to reflect, to "hacemos el balance de lo bueno y malo" (take stock of the good and the bad). The song remembers friends and family who are gone, saying "A los que ya no están echaremos de menos" (We will miss those who are no longer here). It ends with a hopeful, slightly cheeky wish for the future: that everyone who is still here can wise up, laugh more, and maybe even see their fortunes double.