Like much of the Lola album, this is about the music business. This seems to be about being a hungry young band looking for fame, and might be somewhat autobiographical for Ray Davies and the Kinks--the suits in the music biz don't like their style or treat them well ("you go to a publisher and play him your song, he says 'I hate your music and your hair is too long..."), but they're more than willing to exploit the artists ("...but I'll sign you up because I'd hate to be wrong!'").
According to Wikipedia, Denmark Street is a street in London with a big connection to pop music--many musicians, from the Beatles and Donovan to Jimi Hendrix, made their first recordings there, Bob Marley bought his first guitar there, and Elton John worked as a musician there. It is sometimes referred to as the "British Tin Pan Alley".
Like much of the Lola album, this is about the music business. This seems to be about being a hungry young band looking for fame, and might be somewhat autobiographical for Ray Davies and the Kinks--the suits in the music biz don't like their style or treat them well ("you go to a publisher and play him your song, he says 'I hate your music and your hair is too long..."), but they're more than willing to exploit the artists ("...but I'll sign you up because I'd hate to be wrong!'").
According to Wikipedia, Denmark Street is a street in London with a big connection to pop music--many musicians, from the Beatles and Donovan to Jimi Hendrix, made their first recordings there, Bob Marley bought his first guitar there, and Elton John worked as a musician there. It is sometimes referred to as the "British Tin Pan Alley".