Lyric discussion by WritingIsMyReligion 

Some of the best bass ever is here, on "Peg." Three cheers to Chuck Rainey! :>)

As to the actual lyrics, this song seems almost obviously to be about a guy seeing his old lover in a movie, most likely a porn flick, as things that are "inappropriate" are often called "blue." Also, I believe porn flicks were called "foreign" at one point in time.

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