Hello and welcome to bluelight...
That is a lot of lye, and sorry but it seems like a terrible idea to me. What made you think it was okay to apply a dangerously alkaline solution of a superpotent and potentially fatal experimental drug to a cigarette?
You can't separate water from alcohol, they are both quite polar liquids, possibly even azeotropic. They stick together now, maybe to be separated by distillation and desiccant drying (of course none of that applies to this situation). The alcohol was a mistake, because with water alone you can freebase a compound: the HCl salt does dissolve in water I think, maybe needs a bit of heat but still. The freebase that does not dissolve would float on it.
Unfortunately you also ruined your solution by adding the lye, otherwise you could have just dried it to try again. Now, even if you neutralize it with an acid there is a lot of junk left. Not something I would happily swoosh in my mouth for 30 minutes.
The alcohol may mess with plans to separate the freebase using non-polar solvents a la DMT extraction. Not sure how much it sticks to a non-polar solvent. Probably not now that I come to think of it, I must have been thinking about acetone earlier...
So you could try and salvage the drug with a workup treating it similar to DMT.
I must insist though that you do not try this because there would be so much exposure to the potent drug, part of the process in solid form (if you are in the fb precipitation step especially) that it could be very dangerous and you obviously have little understanding of what you are doing.
You are strongly urged to reconsider your choice of drug and the choice to DIY it - find this on blotter if you must try it and work your way up slowly. Smoking this is foolish and unnecessary. Perhaps for more seasoned users with advanced knowledge it could be an experiment.