Please me, baby
Cardi B is asking her partner to please her.

Turn around and just tease me, baby
She wants her partner to turn around and tease her seductively.

You got what I want and what I need, baby
She is saying that her partner satisfies both her wants and needs.

(Let me hear you say)
Cardi B wants her partner to vocalize their attraction and desire for each other.

Please
Her partner should repeatedly say 'please', as a form of affection.

Lollipoppin' (poppin'), twerkin' in some J's (ooh)
Cardi B is dancing suggestively while wearing Jordan sneakers.

On the dance floor (uh-huh), no panties in the way (nope)
Cardi B is not wearing any underwear while dancing.

I take my time with it (ow), bring you close to me (ow)
She takes her time to ensure that the experience is enjoyable for both parties involved.

Don't want no young dumb shit
She does not want any inexperienced, immature partners.

Better fuck me like we listenin' to Jodeci
She wants her partner to have passionate, attentive sex like they are listening to Jodeci, an R&B band.

I was tryna lay low (low), takin' it slow (slow)
She was trying to keep a low profile and take things slowly.

When I'm fuckin' again (ayy), Gotta celebrate
Now that she is sexually active again, she wants to celebrate.

If you're man look good, better put him away
If anyone else is around, her partner should protect her by ensuring they do not hit on her and put them away.

If you can't sweat the weave out, you shouldn't even be out
She is saying that if her partner cannot handle passionate sex that causes her weave to get sweaty, then they are not up to the challenge.

Dinner reservations like the pussy, you gon' eat out
The dinner reservations should be treated with as much care as her partner should treat her genitals.

Booty so round (round), booty so soft (soft)
She is saying that her booty is soft and round.

Bet you wanna smack it again (ayy)
She is saying that her partner probably wants to smack her booty again.

Let me demonstrate, Hit it one time, make it levitate
She is confident in her ability to perform sexual acts that will make her partner feel good.

Titties out like blaka (blaka), Broke bitches watch out now (watch out)
She is suggesting that her breasts are so large, they are visible like her Caribbean heritage; broke women should watch out for her partner's attention.

Your pussy basura (basura), My pussy horchata (oh)
She is saying that her partner's genitals are bad, while hers are sweet and desirable like horchata, a sweet Mexican drink.

Come on, back it up for me, Ooh, twerk it on me slowly
She wants her partner to back up and dance seductively on her slowly.

Girl, let me put this lovin' on you
She wants to show her love through physical action.

You better say that shit (uh), Cardi don't play that shit (yeah)
She is emphasizing the importance of her partner vocalizing their desire for her and warning them not to play around.

Do my back like I do these records, break that shit
Her partner should treat her back the way she treats music records, passionately and often.