It's a playful and informal way of complimenting someone's attractiveness.
Here's a breakdown of the words:
* Igual: This means "still" or "even".
* Papasito: This is a slang term for a handsome man, similar to "hottie" or "stud".
The phrase implies that the person being complimented is still attractive, even if something has changed or happened.
It's important to note that this phrase is typically used in a friendly and flirty context. It's not always appropriate to use in formal settings.