The "peach blossom" in the poem is the representative of spring, which blooms in March and symbolizes the beauty and vitality of spring. And "jade liquid" refers to fine wine, usually refers to white wine or other high-grade wine.
In March, the peach blossom was burning, and a stream of jade liquid came quietly. It was written by Li Bai, a poet in the Tang Dynasty, and described a beautiful spring scene, expressing the poet's love and yearning for life.