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.
I'm a man of reason, and they say
'Tis the season to be jolly
But it's folly when you volley for position
Never in existence has there been such a resistance
To ideas meant to free us
If you could see us, then you'd listen
Toiling through the ages, making toys on garnished wages
There's no union
We're only through when we outdo the competition
I make toys, but I've got aspirations
Make some noise, use your imagination
Girls and boys, before you wish for what you wish for
There's a list for who's been
Naughty or nice, but consider the price to an elf
A full indentured servitude can reflect on one's attitude
But that silly red hat just makes the fat man look outrageous
Absurd though it may seem, you know
I've heard there's even been illegal doping
And though we're coping, I just hope it's not contagious
You try to start a movement, and you think you see improvement
But when thrown into the moment, we just don't seem so courageous
I make toys, but I've got aspirations
Make some noise, use your imagination
Girls and boys, before you wish for what you wish for
There's a list for who's been
Naughty or nice, but consider the price to an elf
You look at yourself, you're an elf
And the shelf is just filled with disappointing memories
Trends come and go, and your friends wanna know
Why you aren't just happy making crappy little gizmos
Every kid knows they'll just throw this stuff away
We're used to repetition, so we drew up a petition
We, the undersigned, feel undermined
Let's redefine "employment"
We know that we've got leverage, so we'll hand the fat man a beverage
And sit back while we attack the utter lack of our enjoyment
It may be tough to swallow, but our threats are far from hollow
He may thunder, but if he blunders, he may wonder where the toys went
I make toys, but I've got aspirations
Make some noise, use your imagination
Girls and boys, before you wish for what you wish for
There's a list for who's been
Naughty or nice, but consider the price
Naughty or nice, but consider the price
Naughty or nice, but consider the price to an elf
'Tis the season to be jolly
But it's folly when you volley for position
Never in existence has there been such a resistance
To ideas meant to free us
If you could see us, then you'd listen
Toiling through the ages, making toys on garnished wages
There's no union
We're only through when we outdo the competition
I make toys, but I've got aspirations
Make some noise, use your imagination
Girls and boys, before you wish for what you wish for
There's a list for who's been
Naughty or nice, but consider the price to an elf
A full indentured servitude can reflect on one's attitude
But that silly red hat just makes the fat man look outrageous
Absurd though it may seem, you know
I've heard there's even been illegal doping
And though we're coping, I just hope it's not contagious
You try to start a movement, and you think you see improvement
But when thrown into the moment, we just don't seem so courageous
I make toys, but I've got aspirations
Make some noise, use your imagination
Girls and boys, before you wish for what you wish for
There's a list for who's been
Naughty or nice, but consider the price to an elf
You look at yourself, you're an elf
And the shelf is just filled with disappointing memories
Trends come and go, and your friends wanna know
Why you aren't just happy making crappy little gizmos
Every kid knows they'll just throw this stuff away
We're used to repetition, so we drew up a petition
We, the undersigned, feel undermined
Let's redefine "employment"
We know that we've got leverage, so we'll hand the fat man a beverage
And sit back while we attack the utter lack of our enjoyment
It may be tough to swallow, but our threats are far from hollow
He may thunder, but if he blunders, he may wonder where the toys went
I make toys, but I've got aspirations
Make some noise, use your imagination
Girls and boys, before you wish for what you wish for
There's a list for who's been
Naughty or nice, but consider the price
Naughty or nice, but consider the price
Naughty or nice, but consider the price to an elf
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This song really reminds me of the Calvin and Hobbes cartoon, in which Calvin writes a letter to Santa stating that he's operating in the North Pole to avoid tax and human rights and keeping the pay of his elves low.
If you think about it, Santa is a pretty bad fellow. Sure, he says his elves are happy, but how can we be sure?
This song basically makes people see the "other side" of things, like how PETA laughably claimed that Pokemon was supporting animal cruelty.