From Chapter 3:
Taking the whiff, it has been suggested, may have been either a swallowing of the smoke, or a retaining it in the throat for a given space of time; but what may be meant by the "Cuban ebolition" or the "euripus" is perhaps best left to the imagination. "Ebolition" is simply a variant of "ebullition," and "ebullition," as applied with burlesque intent to rapid smoking—the vapour bubbling rapidly from the pipe-bowl—is intelligible enough, but why Cuban? "Euripus" was the name, in ancient geography, of the channel between Eubœa (Negropont) and the mainland—a passage which was celebrated for the violence and uncertainty of its currents—and hence the name was occasionally applied by our older writers to any strait or sea-channel having like characteristics. The use of the word in connexion with tobacco may, like that of "ebolition," have some reference to furious smoking, but the meaning is not clear.

From Chapter 8:
The allusion in these verses to a "satiric wipe" refers to a passage in the poem entitled "Conversation," which Cowper had written in the previous year, 1781. In this passage tobacco is abused in terms which Cowper clearly felt to need modification after his personal intercourse with such a smoker as his friend Bull. In describing, in "Conversation," the manner in which a story is sometimes told, the poet says:

The pipe, with solemn interposing puff,
Makes half a sentence at a time enough;
The dozing sages drop the drowsy strain,
Then pause and puff—and speak, and pause again.
Such often, like the tube they so admire,
Important triflers! have more smoke than fire.