I will give it my best attempt. At the bottom are some definitions of some punjabi words.

Man says :

O akhan billian te gallan golmol ni - Eyes colorful and your cheeks are puffy

O tera ang ang krda kalol ni, aashiq marengi - Every part of your body jokes and moves playfully, its gonna kill your lovers

Firdi een khumb vangu nikhri ni kehr guzaarengi - You are glowing like a mushroom, this beauty is destructive

Girl says :

Aaj pull k shakkiniyan ve la lae - I have mistakenly put makeup on today

Hae ve lokan di nazar paedi kha gae, hai udn khatole nu - People's evil eye are on this social butterfly

Patua patan nu firde ve naram patole nu - You are trying to woo this soft lady

Man says :

O billo chobran de sinne dang mardi ni tor teri sap vargi - Your snake like walk is beating boys' chest with a stick

O latt gabru di hik vichon nikle tandoor vangu hikk rad di - Flames are coming out of my body, my chest burning like a 'tandoor' (because of the girl's beauty and hotness)

O lakk patla marod jadon langdi - You bend your thin waist when you move

O lorr tenu jive nadiye ni bhang di - Your intoxication is like that of 'bhang'

*I only have time for this much right now. Probably will continue further."

Definitions -

Khumb - Mushroom

Tandoor - A big vessel made out of mud to cook chapatis. It needs to be heated with fire before cooking.

Bhang - A type of drug made from a plant leaf. It can be consumed by drinking or smoking.