The song lyrics were written by the band Van Halen, as they were asked to write a song for the 1979 movie "Over the Edge" starring Matt Dillon. The movie (and the lyrics, although more obliquely) are about bored, rebellious youth with nothing better to do than get into trouble. If you see the movie, these lyrics will make more sense. It's a great movie if you grew up in the 70s/80s you'll definitely remember some of these characters from your own life. Fun fact, after writing the song, Van Halen decided not to let the movie use it.
'Cause it's Saturday night and I just got paid
Fool about my money don't try to save
My heart says go, go
Have a time 'cause it's Saturday night
And I'm feelin' fine
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight
I got a date and I won't be late
Pick her up in my '88'
Shag it on down to the union hall
When the music starts jumpin'
I'll have a ball
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight
Along about 10 I'll be flying high
Rocking on out into the sky
I don't care if I spend my gold
'Cause tonight I'm gonna be one happy soul
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight, aw
Well it's Saturday night and I just got paid
Fool about my money don't try to save
My heart says go, go
Have a time 'cause it's Saturday night
And I'm feelin' fine
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight
Along about 10 I'll be flying high
Rocking on out into the sky
I don't care if I spend my gold
'Cause tonight I'm gonna be one happy soul
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight
Fool about my money don't try to save
My heart says go, go
Have a time 'cause it's Saturday night
And I'm feelin' fine
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight
I got a date and I won't be late
Pick her up in my '88'
Shag it on down to the union hall
When the music starts jumpin'
I'll have a ball
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight
Along about 10 I'll be flying high
Rocking on out into the sky
I don't care if I spend my gold
'Cause tonight I'm gonna be one happy soul
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight, aw
Well it's Saturday night and I just got paid
Fool about my money don't try to save
My heart says go, go
Have a time 'cause it's Saturday night
And I'm feelin' fine
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight
Along about 10 I'll be flying high
Rocking on out into the sky
I don't care if I spend my gold
'Cause tonight I'm gonna be one happy soul
I'm gonna rock it up
I'm gonna rip it up
I'm gonna shake it up
I'm gonna ball it up
I'm gonna ride it out
And ball tonight
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This is a Little Richard song. Elvis does it well but I think Little Richards version is better.
What about John Lennon's version, I think that's the best by far.