Lyric discussion by farrell 

i agree with dropsof that it is about drugs. It is about smoking, doing drugs, getting into fights and thinking it is cool and the only way to have fun

C-c-c-creosote Is pouring out of my brain I swear I heard the floorboards they were creaking your name

this is a reference to inhaling creosote.

Matching jackets and a fist full of notes New sneakers and a fresh pack of smokes

the notes refered to here are either money or doobies that are not yet rolled, personally i believe it is the drug one since that seems to be the overwelming point of this song.

P-p-p-pneumothorax is a word that is long They’re just tryin’ to put the punk back into punctured lung

pneumothorax is a bunch of gas in a cavity of the lung that results from either injuring the luing or a treatment for tuberculosis which of course is caused by smoking. So it could be a reference to smoking or to getting hurt (possibly on the motorcycle mentioned previously in the song)

It’s not the size of the man in the fight I wanna know what that does, I wanna show you what matters ‘Cos it’s the size of the fight in the man that makes the difference and decides who is champ Cut through the city on a Saturday Night Cos you and me are on the edge of a knife

this refers to fighting and the last line probily is meant to show that they are out looking for a fight, or it could be broadend to mean living on the edge and taking drugs and smoking.

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