Baudelaire was interested in the concept of “The Dandy” as a correction to and standing above the faults of democracy. Leaving aside, for a moment, the differences between dandies and snobs, this song sounds rather cuckoo and is definitely not meant to be taken seriously. It is also curiously sweet and mignon.
The lyrics in French and with English translation are at https://lyricstranslate.com/en/jsuis-snob-im-snob.html