This is a total standard for mariachi bands - the singers have to be able to the plaintive prolonged warbling moan that is part of the chorus which El Chingon does a pretty good job with. A little faster than it's usually done, but that's not bad.

Oh, what do the lyrics mean? they are wonderful.

Que bonitos ojos tienes    what beautiful eyes you have
Debajo de esas dos cejas beneath those two brows
Debajo de esas dos cejas     "
Que bonitos ojos tienes     what beautiful eyes

Ellos me quieren mirar  they want to look at me
Pero si tË� no los dejas   but you won't let them
Pero si tË� no los dejas   you won't let them even
Ni siquiera parpadear    blink

Malaguena salerosa    salty girl from Malaga
Besar tus labios quisiera  i want to kiss your lips
Besar tus Labios quisiera   "
Y decirte nina hermosa  and tell you beautiful girl
Que eres linda y hechicera  that you are a lovely withc

 Si por pobre me desprecias  if you scorn me for poverty
Yo te concedo razon  I have to admit you're right'
 Yo te concedo razon   "
Si por pobre me desprecias  if you scorn me for poor
Yo no te ofrezco riquezas  I don't offer you riches
Te ofrezco mi corazon  I offer you my heart
Te ofrezco mi corazon  I offer you my heart
 A cambio de mi pobreza  in exchange for my poverty

(don't get the exchange, actually, but..)