Good that old Wikipedia versions never die.
The song begins with a sound effect of a human urinating, followed by an interlude in which an unknown male is speaking, denouncing one of his associates for either committing maternal-sodomy in the immediate vicinity or for having bad breath, it remains unclear which. The unknown male requests some bubblegum, presumably to remedy the situation.
We are then introduced to the narrator with the nom de plume of Snoop Dogg as he discusses the exigencies of his life; his hometown of Long Beach, California, is very dramatic. He finds the will to create his unique musical style amidst all this drama, and does so daily. He then entreats the listener (affectionately called a “g”) to enjoy his tale in said musical style.
Snoop Dogg’s tale starts at 2 am in his domicile, where a party has been taking place and is able to continue late into the night due to the temporary absence of his mother. Women are copulating in his living room, presumably in a lesbian fashion, and intend to do so until 6 am, when they will depart. Snoop Dogg and his associates decide to join the sapphic women. Ever-prepared, they pull condoms out of their pockets before turning off the lights and shutting the doors behind them.
After making it clear that his regard for the females does not involve love, Snoop Dogg and his associates decide that the use of one ounce of marijuana would be a fitting commemoration of the casual polyamorous scenario. Rather than go into details of what is taking place behind closed doors, he tells the listeners (affectionately called “motherfuckas”) to reminisce of revelry in general, preferably while bouncing.
The said revelry consists of the chorus line and the subject of the song title: cruising down the street, smoking marijuana, and sipping on gin and an unnamed juice. The unnamed juice is likely of citrus origin, though the properties of gin are agreeable to all fruit juices.
It is possible that the previous scene, and the upcoming scenes, are projected memories of the narrators told in the present tense. Mr. Dogg then attempts a palindrome about his constant preoccupation with pecuniary matters.
In another memory, Snoop Dogg has procured a bottle of Seagrams brand gin and is intent on consuming it himself, but his associates have worked up a thirst as well. They present their empty cups for Mr. Dogg to fill, but have not offered any payment for the alcohol. Snoop Dogg is angry at the prospect of sharing his alcoholic beverage without reasonable compensation, as these requests happen all too often. He acknowledges their requests, but reminds them that his needs come first.
Snoop Dogg quickly diffuses the situation by reminding the listener that he is very good at cultivating music that captivates his listeners. He wants to know, “Who listens to the words that I speak?” This is most likely a rhetorical question. We do not learn if he ever does share the Seagrams.
Snoop Dogg leaves the party with his beverage to the middle of the street, presumably because his house party has grown beyond the bounds of his yard. He meets a young lady named Sadie who had previously formed a romantic attachment with one of his associates. He flirts with the young lady, but does not expect physical contact because the weather has remained a sultry 80 degrees Fahrenheit. As she initiates physical contact with his testicles, the heat becomes too much. Snoop tells Sadie to refrain from palpating his scrotum and informs her she should not make further contact with that part of him. He says “at ease”, likely to calm down Sadie, but also in an attempt to relax all involved. Snoop Dogg then runs off to engage in an act of mobbing with his associates (affectionately called the “Dog Pound”) in order to cool off and feel a breeze. He urges all to do the same.
We return to the chorus narration, where Snoop Dogg continues to consume marijuana and gin and juice while cruising in a vehicle. He is still concerned about his financial situation, again stated palindromically.
The narrator then recalls a memory that happened later in the same day, presumably at the house party. His friend, Dr. Dre, pays Snoop Dogg a visit, presenting him with several bottles of Tanqueray brand gin and a very well-endowed joint of marijuana. The marijuana is of a strength colloquially described as lethal, which he cleverly alludes to through a reference to the bubonic plague. The combination of drugs proves too intoxicating for Snoop Dogg, and he is forced to imbibe less vivaciously, but he refuses to stop altogether. Snoop Dre then introduces Snoop Dogg to some women who he has brought from a neighboring city in Los Angeles. Snoop Dogg makes his intent to bed (or cot) the women clear, but warns them beforehand that he does not intend to make them climax nor remain near them after copulation has occurred because he does not love them. Women whom he does not love are referred to as “hoes”, the etymological origin of which is unclear, but is in no way related to the garden tool.
The song ends with a repetition of the chorus one more time, where some spontaneous words are uttered after the title verse (a slang word phonetically spelled BEE-OTCH). Mr Dogg’s mental preoccupation with fiscal matters is restated multiple times, likely in attempt to finally make a palindrome, but never succeeding.