Watch the Slap & Pop online guitar lesson by Dmitry Lisenko from Percussive Acoustic Bass (Foundry)
Let's start from the bass part. There is one hammer-on at the end. A hammer-on is a technique widely used on string instruments, basically you're taking a note normally and the second note you're hammering only with the left hand fingers. As a result, you get quite a smooth sound. This also allows you to play quite fast passages. The pull-off technique is totally opposite.
In the drum part, we have just the kick & snare. Let's try to play the bass part and percussion together. Pay attention to the two A notes (5th fret on E string) - the first one you play slap together with a kick, and second without a kick.