Malaya is a fascinating interjection that isn't commonly heard in everyday Spanish, making it quite unique to this song. It's an older, more expressive way to convey frustration, regret, or even a challenge.
In the context of the song, the line "Malaya, ¿quién dijo miedo?" translates to "Darn it, who said fear?" or "Confound it, who's afraid?" Here, it's used to defiantly dismiss fear and assert confidence, adding a strong, almost rebellious tone to the lyrics.
Eden Muñoz's "Qué Bonito Es Lo Bonito" is a fun, rebellious take on living life on your own terms, even if it means breaking a few rules. He kicks things off by saying, "Qué bonito es lo bonito, lástima que sea pecado" [How beautiful is what is beautiful, too bad it's a sin], which is such a playful way to acknowledge that sometimes the best things in life are a little naughty. He insists he's not to blame for being a lover, even suggesting he could "Darle unas clases al diablo" [Give the devil some lessons] in matters of love! It's all about owning who you are and not letting anyone change you.
He doubles down on this idea, declaring, "Así nací, no me quieran cambiar nada, yo soy así" [This is how I was born, don't try to change me, this is how I am]. Whether something is forbidden or legal, he believes, "Si se debe, pues se paga" [If it's owed, then it's paid]. He's not afraid of consequences, even joking, "Malaya, ¿quién dijo miedo? Si para morir nací" [Darn, who said fear? If I was born to die]. It's a bold, confident anthem for someone who lives life to the fullest, unafraid to be a bit of a "bandido" [bandit] in the name of a good time.