Regazo translates to "lap" and refers to the area formed by the thighs when one is sitting. It's a tender and intimate word, often associated with comfort, warmth, and protection.
In the song, Fito Páez expresses his longing for his loved one, singing, "Me falta tu respiración, tu regazo y tu inspiración" (I miss your breath, your lap, and your inspiration). This word evokes a deep sense of missing physical closeness and emotional solace, making it a poignant and memorable choice.
Fito Páez opens this one almost on the defensive: "Cuidado cuando ella sabe algo que" (Be careful when she knows something), like the woman he loves is already a step ahead of him. By the chorus he stops hedging and just says it outright: "Mis putos vicios, tantos defectos" (My damn vices, so many flaws). She sees all of it, the storm he calls his own recklessness, and somehow she stays anyway.
That's what turns the song from confession into fear. Once she knows everything about him, losing her means losing the only person who ever did. "No puedo vivir sin vos" (I can't live without you) sits next to a plain, physical image of what that would actually feel like: a house that's just one big cold room, "De noche hace mucho frío" (At night it gets very cold). By the end he's stopped arguing his case and is just repeating one line, "No te vayas de mí" (Don't leave me), like saying it enough times might be the only thing that works.