Lyric discussion by PatrickFury 

I think, actually, that this song was from the "Fear of Men Monster," which could also be tied in with "Fear of Sex Monster."

The song is about how she sees love based on a man's wallet (she hides true love en su bolsillo [Bolsillo is pocket in Spanish, which plays a large part in the song]). She then wraps men around her finger with her innocent act (She's got a halo round her finger, around you).

According to her Wiki page, the song also represents GaGa's fear of commitment to the point where she cannot even remember the name of her lover (exemplified in the multiple changing of names; "Alejandro," "Fernando," "Roberto"). Additionally, the line "Mexico, rejoice!" ties into the whole "What happens in Mexico, stays in Mexico" theme that is ever-popular among Spring-Breakers in Cancun.

So, basically, the song is about being promiscuous and garnering as much money as possible, then realizing how wrong it is: "I know that we are young, and I know that you may love me; but I just can't be with you like this anymore...Alejandro." By that time, however, "Alejandro" is already in love with the speaker as he calls her name and addresses her as "babe." Unfortunately for him, he has no idea that she never felt anything more for him than lust and financial assistance.

I know plenty of people like that, lol.

Hm I never thought about the different names being due to forgetfulness. However, I really like that interpretation. Then maybe the boyfriend like a dad thing could mean like a "sugar daddy" giving her money.

I was going to type almost exactly what you wrote with an addition and a slight disagreement: I don't think the song is about a woman who feels bad; she's "done" with Alejandro because he's fallen in love with her.

The verses of the song describe men who fall in love with a woman who acts like she loves the man when they give her money or gifts – she creates the illusion of love, but she doesn't love those men.

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