Lyric discussion by Rich_M 

My Pistols history is a bit rough, but I think that they were first signed by EMI, who dropped them after a ridiculously short amount of time (like a day or something). Then they were signed by A & M, who kept them long enough to record a version of God Save the Queen, but they were again shortly dropped. I might have got the two labels mixed up though. Finally Virgin Records signed them, and released their classic debut album and the famous 'drawing pin' picture sleeve version of God Save the Queen. So this song is taunting EMI for signing the Pistols because of their celebrity alone, and then dropping them when they actually discovered what they were like.

Spot on old boy.

It's not like they ever hid what they were like, I guess EMI just thought it was an act for stage... Little did they know these young cockney lads were about to start a revolution.

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