Reencuentro means a reunion or meeting again after a period of separation. In the song, it appears in "nuestro reencuentro", as the singer celebrates finding someone he has been searching for and waiting to see again.
It's a memorable, emotional word built from re- (again) and encuentro (meeting), making it especially useful for understanding how Spanish creates new words.
Luar La L turns a sudden reunion into a playful, slightly chaotic flirtation. The woman has been impossible to find, but now he has finally found her again: “Por fin te encuentro de nuevo, no te me pierda’” [I finally find you again, don’t disappear on me]. He says she has him completely losing control, “ya perdí la cuerda” [I’ve already lost the rope, meaning I’m out of control], and the attraction quickly becomes physical with talk of kissing and biting her lips. The repeated “mami” and “pa’” are casual Puerto Rican Spanish, while “te me pierda’” drops the final s, a common feature of informal speech.
The lyrics mix romance with funny, exaggerated images. He calls her the “récord Guinness” for being lost the longest, then compares himself to a pirate who has finally found his “tesoro de oro” [golden treasure]. She has returned looking more confident, with a New York accent, and he describes her as being “en tu prime” [at your best] and his “first pick,” using sports and draft language to say she would be his top choice. He also warns her not to believe gossip because people will always “hablar mierda” [talk nonsense or talk badly]. By the end, he is asking her to stay until the bottle of Hennessy is finished and calling her his “only one de many” [the one and only among many], which makes the reunion sound tempting, messy, and very much in the moment.