I got that bit, I thought there was also something clever in the misspelled Bakin I was missing. I guess not :)

I assume it's slang for getting high but I'm not sure.

My take on it is that it was an intentional misspelling intended to describe the "armchair philosopher" that arises from many of us when we use THC products.

I could be wrong but it makes me chuckle every time I think of it.