Krajina is a part of Croatia where live a lot of Serbs. I won't translatw it in a lyrics.
*literally Ognjište means fireplace but it means a house where you grow up. It's because old houses in balkan had a fireplace in midle of living room
** haljina(dress) is a sinonime for clothes
***cos' is like cousin but the one that is very dear to you. It's cos' in that meaning and not like in a raper songs
*' it's sarcastic

This song is singing about the war between Serb population in Krajina and Croatian military when Croatia wanted to declare independents from Yugoslavia. Serbs were defending their Fireplace and Krajina from people who wanted to ethnically cleanse them from Croatia.

PS.. I went to the next line wherever it was in the transcription so you can see where the rimes are.