I just listened, and I think that's right. Other lyrics seem a bit off, too. I think that the first line of the verse sounds more like " Et en pensando ya velorio", though I don't speak Spanish, so that might not even be a real sentence. That's what it sounds like, though.

I don't hear "Que le hacemo a Babalu", it sound more like "Que me se la Babalu" which might not be a Spanish sentence either.