Lyric discussion by memorybabe 

well not that every song has to be pinned down to one granite meaning but this to me is all about war, the rag is obviously a flag and the guttural bark of 'hoist that rag' sums up superbly the horrific vomiting bark of jingoism.

Getting even more specific it could not have been written when it was without alluding however indirectly to foreign policy of the good old us of a. Hoist that Ring!

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