Bandida literally translates to "bandit" or "outlaw" (female). It's a dramatic word that carries a lot of weight.
In colloquial Spanish, it's often used to describe a "bad girl," a heartbreaker, or a woman who plays by her own rules in love. In the song, the singer exclaims "¡Bandida!" at a turning point, expressing shock and betrayal as he realizes the woman he loves has a malicious side and has been unfaithful.
This song is a full-on romantic declaration set under a full moon! Elvis Crespo starts by setting a beautiful scene: "Bajo una noche estrellada, de luna llena" (Under a starry night, with a full moon). He’s ready to confess his love, which he says started the moment their eyes met. He wants to seal this new love pact with a kiss, a classic and sweet move.
But then the vibe shifts a little when Ebenezer Guerra jumps in. He calls himself and his friend the "tigre con el lobo" (the tiger with the wolf) who are "Buscando a las lobas que vinieron solas" (Looking for the she-wolves who came alone). It's a playful, confident line that turns the romantic scene into a bit of a hunt on the dance floor. He even tells the girl directly, "Yo soy tu lobo / Y tú eres mi loba" (I am your wolf / And you are my she-wolf). The song mixes sweet, heartfelt romance with this fun, wild energy, all happening under the magic of the full moon.