Lyric discussion by flutterbyaria 

i think its:

"Well, look out Michael, there's a note on the door, Everybody listen, we'll be the next Omaha"

referring, possibly, to that Bright Eyes is from there and Conor Oberst has started a label--including the band Rilo Kiley, who has also referenced "Omaha's booming music scene" in one of their songs. although who knows.

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