Lyric discussion by Bullzeye 

"Well this should cheer you up for sure / See, I've got your old ID, and you're all dressed up like the Cure" is Ben breaking the guy's balls a little bit.

During the 80s his grumpy hipster friend was obviously a Robert Johnson-emulating Goth. Because it was cool at the time. Now that's not cool anymore, and he's emulating something else, and would presumably be mortified to see himself looking so "uncool" with his stringy long black hair and such on his old ID.

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