Buddy Guy's song "Cognac" is a tribute to the smooth and intoxicating qualities of cognac, a type of brandy. The lyrics describe the expensive but worthwhile nature of the drink, highlighting its value as a "bargain price." The song suggests that cognac is a luxurious and enjoyable indulgence. The lyrics also mention the effects of other substances like reefer (marijuana) and whiskey, emphasizing that cognac is a different kind of experience. It is described as "liquid gold" that brings a mellow and soothing effect. The song pays homage to legendary blues musician Muddy Waters, stating that if he were present, he would have quickly emptied the bottle of cognac. The mention of other musicians like Keith Richards and Beck adds to the atmosphere of camaraderie and shared enjoyment. The lyrics also allude to the intoxicating and uplifting nature of cognac, pointing out that it can make people feel lively and spirited. The use of "XO" refers to a higher quality and aged cognac, suggesting an even greater level of enjoyment. Overall, "Cognac" is a celebration of the rich and satisfying experience of indulging in this particular drink, aligning it with the soulfulness and passion of the blues. Buddy Guy relishes in the pleasures and effects of cognac, inviting others to join in the enjoyment and creating a sense of unity and connection through the shared experience of the blues and this fine spirit.