Lyric discussion by MikeR 

I don't think there's any clues to his sexuality in the song at all. It's more of a statement about the punks in the 80s thinking they were tough and he was essentially saying "yeah, tough boy? take a shot at me and I'll make you my little b*tch." You have to think back to when the Pistols and the Clash came out, they made a lot of headlines by dismissing all the rock bands that came before them and calling them tired old inosaurs. Well Ol' Pete wasn't about to let them get away with dismissing his entire history so he threw down the gauntlet with this song and especially the video. After all, the Who had been THE most aggressive band tearing up the stage for 15-20 years by this point. They literally played gigs so rough they got in fights with the audience on stage. So when he says "Make noise, Try and talk me away, We can't be seen together" we was calling them out as a all talk but no fight. And since Punks hated anything old, they couldn't admit their respect for him. When he says "I'm gonna carry you home, You got pretty pissed dear" he was saying that they couldn't handle their liquor, that they drank like women. When he says "What can I do? I'm so pale and weedy, Rough fits, In my Hush Puppy shoes, But I'm still pleading" he's taunting them saying they're too afraid of a scrawny guy little guy like him even though he's pleading for them to take a swing at him. "Don't walk away, I wanna buy you leather" means "I could buy and sell you." So my interpretation is that this song was a bold face counter attack at punk. Calling them a bunch of little Sissy Marys.

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