"Close Friends" is a song about Lil Baby's complicated romantic relationship with a friend who became his girlfriend. The lyrics describe the ups and downs of their relationship, from the happy beginnings to the fights and misunderstandings that later emerged between them. Lil Baby expresses his regret for the mistakes he made and his longing for the way things used to be.

The song opens with Lil Baby's producer Wicked asking if this is the right track, followed by a request from Lil Baby to run the track back. This suggests that the song has a lot of personal significance to the rapper and highlights its importance.

In the chorus, Lil Baby sings about how the relationship began as a close friendship that evolved into a romantic one. They used to share everything with each other, and he even bought her diamond rings and matching earrings. However, lately, his girlfriend has been acting rudely towards him, which is concerning.

In verse one, Lil Baby reflects on how he approached the girl and how he felt about her. He admits that he may have fallen in love with her before he even knew her. Despite this, he promises not to use her and to be careful not to lose her. He also acknowledges that he messed up and apologizes for it.

In verse two, he continues to apologize for his past actions, offering to make things right and telling her to stop crying. He acknowledges that his girlfriend may not want to take him back, but he wishes that she would. Lil Baby also raps about the things he did for their relationship, including spending money on her.

In verse three, Lil Baby pleads for discretion and privacy in their relationship. He is frustrated with the role that the internet has played in their problems and acknowledges that he should never have left her. He also talks about his life as a rapper and the temptation that comes with it, particularly with other women. He assures his girlfriend that he will always take care of her and make sure that she is riding in the latest Benz.

Overall, "Close Friends" is a song about the complications of romantic relationships and the challenges of maintaining them. It speaks to Lil Baby's regrets for his actions and longing for a return to the good times he shared with his girlfriend. The song's title is a nod to their past as friends and highlights the importance of maintaining that close bond in any relationship.