Lyric discussion by uncleremus 

No nonsense lyrics here. It's obviously a sardonic song about the status of the civil rights movement in 1973 when the song was released. "Are we moving too slow? Have you seen us?" Instead blacks are worried about fashion ("We look pretty sharp in these clothes", "Can't wait till my fro is full grown") while either tolerating the fire hose or neglecting to remember the old fights of the generation past. Now their version of fighting the man is minor vandalism against rich white people.

By the way, the "fro" line is remarkably reminiscent of the song Who Needs the Peace Corps about the hippie delighted by the fact that his "hair is getting good in the back."

Yes, you get it.

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