Lyric discussion by Fezilla 

mltm pretty much hit on the head, and even provided a nifty interview clip that all of you should watch.

Of course, most of you will skip over that, so I'll reiterate.

The song was about their former manager, Norman Sheffield, who reportedly mistreated the band, abused his role as manager, withheld money from them, all kinds of terrible things from 1972-75. During live shows, Freddie would commonly say re-dedicate the song to "a real mother-fucker of a gentlemen." But the line was censored on versions that appeared on live albums, because Norman Sheffield persued legal action on counts of defamation.

There you have it, now go watch the video mltm posted for God's sake.

An error occured.