it probably means drugs and prostitutes.
at first i thought it meant coke but after seeing the video, it seems like they were talking about pussy... the way the chicks were walking around the streets and singing "you want it, i got it, drippin' like water" probably means that their wet pussy is drippin' and ready to get banged up like. maybe that's why dude that posted the first comment on this thread had sex with his chick lol.