Lyric discussion by OneChaos 

This COULD have a lot to do with a BDSM relationship

But I don't believe songs have to be confined to one meaning.

This song's about the daily grind. Day-to-day life of working for a job that you're a slave to, buying products that companies tell you to...and comparing it to a BDSM relationship. In this case, "The Man" (employment/commercialism/etc) is the Dom, and you are the Sub.

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