While hitting the piñata the following rhyme is sung:

Dale, dale, dale,
No pierdas el tino
Porque si lo pierdes
pierdes el camino.
Ya le diste una,
ya le diste dos,
ya le diste tres
¡y tu tiempo se acabó!

which translates as:

Hit it, hit it, hit it
Don’t lose your aim
Because if you lose it
You will lose your way.
You have hit it once
You have hit it twice
You have hit it thrice
And your time is over now!

_Wikipedia