As a native English speaker these songs can be difficult to translate as they are filled with slangs and metaphors. This song is about smoking marijuana, drinking alcohol and living free, young and wild. Dipping away, could mean driving away or falling asleep, honestly I give up! As an English speaker I can guess he’s talking about the effects of smoking marijuana. Chasing a high. I’m not 100% sure.

Hers another take : Fleeing a crime scene, no more time, drugs in the stash box, sell it and re-up

Zip In the safe - zip is an ounce of marijuana, safe - a salvo

Flippin for pay, - selling marijuana