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.
Oh, oh
What I got, you got to give it to your mama
What I got, you've got to give it to your papa
What I got, you got to give it to your daughter
You do a little dance and then you drink a little water
What I got, you gotta get it put it in you
What I got, you gotta get it put it in you
What I got, you gotta get it put it in you
Reeling with the feeling, don't stop, continue
I realize I don't wanna be a miser
Confide with sly you'll be the wiser
Young blood is the lovin' upriser
How come everybody wanna keep it like the Kaiser?
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
I can't tell if I'm a kingpin or a pauper
Greedy little people in a sea of distress
Keep your more to receive your less
Unimpressed by material excess
Love is free, love me, say, "Hell yes"
Low brow but I rock a little know how
No time for the piggies or the hoosegow
Get smart, get down with the pow wow
Never been a better time than right now
Bob Marley, poet and a prophet
Bob Marley, taught me how to off it
Bob Marley walkin' like he talk it
Goodness me, can't you see I'm gonna cough it?
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Oh, oh yeah
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
I can't tell if I'm a kingpin or a pauper
Lucky me swimmin' in my ability
Dancin' down on life with agility
Come and drink it up from my fertility
Blessed with a bucket of lucky mobility
My mom, I love her 'cause she love me
Long gone are the times when she scrub me
Feelin' good, my brother gonna hug me
Drinkin' my juice, young love chug-a-lug me
Ah, there's a river born to be a giver
Keep you warm won't let you shiver
His heart is never gonna wither
Come on, everybody, time to deliver
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
I can't tell if I'm a kingpin or a pauper
What I got, you got to give it to your mama
What I got, you've got to give it to your papa
What I got, you got to give it to your daughter
You do a little dance and then you drink a little water
What I got, you gotta get it put it in you
What I got, you gotta get it put it in you
What I got, you gotta get it put it in you
Reeling with the feeling, don't stop, continue
I realize I don't wanna be a miser
Confide with sly you'll be the wiser
Young blood is the lovin' upriser
How come everybody wanna keep it like the Kaiser?
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
What I got, you got to give it to your mama
What I got, you've got to give it to your papa
What I got, you got to give it to your daughter
You do a little dance and then you drink a little water
What I got, you gotta get it put it in you
What I got, you gotta get it put it in you
What I got, you gotta get it put it in you
Reeling with the feeling, don't stop, continue
I realize I don't wanna be a miser
Confide with sly you'll be the wiser
Young blood is the lovin' upriser
How come everybody wanna keep it like the Kaiser?
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
I can't tell if I'm a kingpin or a pauper
Greedy little people in a sea of distress
Keep your more to receive your less
Unimpressed by material excess
Love is free, love me, say, "Hell yes"
Low brow but I rock a little know how
No time for the piggies or the hoosegow
Get smart, get down with the pow wow
Never been a better time than right now
Bob Marley, poet and a prophet
Bob Marley, taught me how to off it
Bob Marley walkin' like he talk it
Goodness me, can't you see I'm gonna cough it?
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Oh, oh yeah
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
I can't tell if I'm a kingpin or a pauper
Lucky me swimmin' in my ability
Dancin' down on life with agility
Come and drink it up from my fertility
Blessed with a bucket of lucky mobility
My mom, I love her 'cause she love me
Long gone are the times when she scrub me
Feelin' good, my brother gonna hug me
Drinkin' my juice, young love chug-a-lug me
Ah, there's a river born to be a giver
Keep you warm won't let you shiver
His heart is never gonna wither
Come on, everybody, time to deliver
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
I can't tell if I'm a kingpin or a pauper
What I got, you got to give it to your mama
What I got, you've got to give it to your papa
What I got, you got to give it to your daughter
You do a little dance and then you drink a little water
What I got, you gotta get it put it in you
What I got, you gotta get it put it in you
What I got, you gotta get it put it in you
Reeling with the feeling, don't stop, continue
I realize I don't wanna be a miser
Confide with sly you'll be the wiser
Young blood is the lovin' upriser
How come everybody wanna keep it like the Kaiser?
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away, give it away, give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
Give it away now
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Well, in Anthony's book (source of all Chili Pepper knowledge I find) he says that the song was inspired by a friend of his who was very loving and giving and once even gave Anthony his jacket with the frame of mind that giving is far better then taking; thus teaching him to give; give it away!!!