Malota is a colloquial and somewhat playful term derived from "mala" (bad). It can mean a "bad girl" or a "tough girl," often implying someone who is rebellious, confident, and perhaps a bit dangerous or hard to get.
In the context of the song, the artist uses "malota" to describe the ex-girlfriend who has moved on and is now with someone else. Despite her actions causing him pain, he still finds her captivating and can't stop thinking about her, highlighting her powerful and unforgettable presence in his mind.
Yandel's "LA MALOTA" is all about that gut-wrenching feeling when you see an ex moving on, and it hits you harder than you expected. He thought he was over her, even deleting all their photos, but then he sees her "guayando" [grinding] with another guy, just like they used to, and it totally breaks him. He's clearly pretty upset, saying things like "Estoy mordío', no sé si se nota" [I'm bitten/annoyed, I don't know if it shows].
He's really struggling to understand how this new guy could be better than him, asking, "¿Cómo ese cabrón mejor que yo te toca?" [How does that jerk touch you better than me?]. It's a mix of anger, jealousy, and a bit of a wounded ego. He misses their intimacy, even admitting, "extraño verte sin ropa" [I miss seeing you without clothes]. This song is super relatable for anyone who's ever had to watch an ex flourish with someone new, even when you thought you were past it. It's blunt, honest, and definitely a bop!