The word esclavas literally translates to "(female) slaves," which can be a surprising word to hear in a song about jewelry!
However, in Mexico and other parts of Latin America, esclava is the common name for a thick chain-link bracelet, often made of gold or silver. In the song, the line "Dos esclavas en la muñeca" means "Two bracelets on my wrist," referring to this popular style of accessory. It's a fascinating example of how one word can have a completely different, everyday meaning in a specific culture.
Neton Vega and Peso Pluma paint a picture of a wild night out, filled with luxury and partying. The singer is living exactly how he wants, wearing designer clothes like "Balenciaga" and drinking expensive "Clase Azul el tequilita" (Clase Azul tequila). The plan is simple: "Pa' empezar la fiesta / Que nos amanezca" (To start the party / Let the sun come up on us). The lyrics are very direct about the lifestyle, mentioning drug use with lines like "Cama y láser, la nariz helada" (Bed and laser, the frozen nose), where "laser" is slang for a line of cocaine.
Amidst this chaos, he's completely taken with a woman he calls "chula la morena" (the beautiful brunette). What really gets him is that "No me pide nada, no me pide nada" (She asks for nothing, she asks for nothing). He finds this so attractive that he says "eso me apendeja" (that makes me stupid for her). But his lifestyle seems to cause problems. He misses her calls because his phone is dead and admits, "Ella no me cree nada" (She doesn't believe me at all). It's a snapshot of a life that's all about indulgence, attraction, and the friction that comes with it.