The song is about a yacht called sababa5 where the gang goes to smoke on.
Most of the song is a praise for the author dealer - forget about grams fix me up with a kilo, my dealer got the nobel prize, etc.
The author is Peled - a well known and beloved Israeli artist.
I translated his song with google ttanslate, hence this misearable text you see above.

Here is the original poem of Peled in a classic performance -