Jodido is a versatile and very common slang term in Spanish, often translating to "screwed," "messed up," or "f*cked up." While it can be vulgar in some contexts, it's used here to express a state of being utterly broken or in a bad situation.
In the song, the artist sings, "Y me tire para la calle, feliz, pero jodido" (And throw me out on the street, happy, but screwed). This line powerfully conveys the paradox of finding a twisted sense of freedom despite being in a terrible emotional and financial state after a breakup. It's a raw and relatable expression of pain.
"Anillo" is Baby Rasta & Gringo's take on a relationship gone wrong. The singer once put a ring on his partner, genuinely hoping to build a life together, but marriage only brought fighting and disappointment.
Tired of the constant problems and headaches, he decides he's done. He'd rather walk away happy than keep chasing a love that only causes him pain.
The irony he keeps repeating is that he never valued what he had until it was gone: he moved her into his own home, and now she's the one pushing him back out onto the street. Despite the heartbreak, he chooses to move on and embrace a wilder, freer version of himself.