What's up with that by Scotty Emerick heard on Broken Bridges movie

What's up with that lyrics

You said: "Eight o'clock an' don't be late."
I said: "I won't: I just can't wait."
Nine-fifteen, I'm wonderin' where you're at.
Hey, baby, what's up with that?

Pedro, my friend, dropped in at ten.
"Como esta. Muy
Reed full lyrics