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Neil Young – My My, Hey Hey (Out Of The Blue) Lyrics 18 years ago
This song is about two rock & roll artists
Rag-Land is halfway there with the 'King' referring to Elvis but 'this is the story of a Johnny Rotten' refers to Johnny Rotten frontman of the Sex Pistols.

The song is a comparison of Elvis and Johnny Rotten.

In the beginning Elvis was looked upon as fresh, rebellious, dangerous and he soon rose to the top. Around this time of 1978 the Sex Pistols were seen as the new fresh rebels of rock
Just before Young wrote 'My My Hey Hey' the Sex Pistols split up on Januray 17, 1978 - only two months after there debut album 'Never Mind The Bollocks' was released quickly reaching #1 in the UK.

"It's better to burn out Than to fade away"
In Young's opinion it was better to go out on top like the Sex Pistols did, than to go out while you are fading like Elvis did.

"The king is gone but he's not forgotten"
Young realizes that while Elvis is dead, he won't be forgotten. I also believe Young is hoping Johnny Rotten and the Sex Pistols won't be forgotten just because their group's career was short.

"Out of the blue and into the black"
Both the Sex Pistols breakup and Elvis death (well somewhat) came 'out of the blue' (unexpectably). Both will be missed 'into the black' (black is symbolic of mourning).

As for Kurt Cobain's suicide*cough* note the keyline was (I personally don't belief was a suicide note, instead a letter to his fans that he was quitting the music industry while still on top) 'its better to burn out then to fade away'. Why did he quote Neil Young? Because both Kurt Cobain & Eddie Vedder of Pearl Jam revered Neil Young as the godfather of grunge. It was Kurt Cobain's way of saying thank you to Neil Young for the inspiration and that he was taking Young's advice.

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Led Zeppelin – Stairway to Heaven Lyrics 18 years ago
'Stairway' TO ME is about the two paths; The Stairway to Heaven, and the Stairway to Hell. Listen to the song in reverse to find the messages about satan. Why would you do that though? Well the lyrics tells us to, coincidentally at the end.
"And if you listen very hard
The tune will come to you at last
When all are one and one is all (two ways of saying the same thing by flipping the words around, hinting at the flipped/reverse meaning of the enitre[one] song)
To be a rock and not to roll" (It's Rock & Roll but in this song think of it as not rock to roll, but roll to be rock -->Roll & Rock)

Some other lyrical hints to the two paths
"Cause you know sometimes words have two meanings."

"Sometimes all of our thoughts are misgiven"

"There’s a feeling I get
When I look to the west,
And my spirit is crying for leaving" (the sunsets in the west = light fading/darkness coming, symbolic of heaven and hell) (also it says to me, my spirit is crying for leaving the path of good, when I look to the west[where the sunsets and darkness begins] I'm reminded of this bad path)

"Yes, there are two paths you can go by
But in the long run
There’s still time to change the road you’re on" (You can be good or bad, but if your heading down the stairway to hell there is still time to change the path you're on)

Now as for writer Robert Plant denying the satanic messages in the song, of course he would. There is no direct reference to Satan or hell in his lyrics. However, 'backmasking' is a type of subliminal message in which a second audio track is recorded backwards over top of already recorded material. In normal play of a record these subliminal message are inaudabile, played backwards though the second and original audio track reveal the hidden message. Jimmy Page of course was the Producer and he has neither denied nor admitted to the song's backward satanic messages.
BUT
Jimmy Page was a known follower of Aleister Crowley's beliefs. One belief was to learn how to read and speak backwards. Jimmy Page also bought Crowley's Loch Ness mansion, which was often referred to as the Toolhouse. In reverse the main message ends with "There was a little toolshed where he made us suffer, sad Satan"

Personally I don't think this song in anyway is about Satan worshipping. I do belief it's about humanity doing good things or bad, but always having the chance to redeem your self. Perhaps even Page and Plant realizing they have made some bad decisions, but only they truly know the meaning of the lyrics.

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