When We Was Fab Lyrics
Woke up in a daze
Arrived like stangers in the night
Fab - long time ago when we was fab
Fab - back when income tax was all we had
Casualties at dawn
And we did it all
Fab - long time ago when we was fab
Fab - you are my world you are my only love
The fuzz gonna come and claim you
But you mo better wise
When the buzz gonna come and take you away
Take you away
Take you away
Studied warts and all
Still the life flows on and on
Fab - long time ago when we was fab
Fab - but It's All Over Now Baby Blue
Fab - long time ago when we was fab
Fab - like this pullover you sent to me
And You've Really Got A Hold Me
fab - long time ago when we was fab

Its mosly likely about the times with the good old beatles...aka "The FAB Four"

I think he's reflecting on the past and how things have changed. It is interesting that you could be "Fab" a long time ago, meaning that it is a temporary thing.

My interpretation:
"Back then long time ago when grass was green" = Before there were many problems in the world, in a more innocent time.
"Caresses fleeced you in the morning light" = The Beatles would wake up with girls they had slept with the night before.
"Casualties at dawn" = They would goof off during the day, but come nightfall when it was show time, they took no prisoners and performed like no others.
"The fuzz gonna come and claim you" = The world believed that they owned The Fab Four and could treat them however they wanted.
"When the buzz gonna come and take you away" = Living as a good person so God can admit you into Heaven.
"The microscopes that magnified the tears" = The press and paparazzi made their problems worse by constantly reporting on them.
"Studied warts and all" = Some people focused only on bad things.
"Still the life flows on and on" = They overcame their adversities.
"But it's all over now, Baby Blue" = Obviously a reference to a song by Bob Dylan (whom George idolized), simply saying their time as The Fab Four was over.
"And you've really got a hold me" = Another song reference and that a part of his life belongs to The Beatles.
These are just my general thoughts, I could be wrong but this is how I have come to think of this great song.

The song's title refers to the Beatles at their prime, when they were dubbed "The Fab Four" by the press and their every move scrutinized and "magnified." I believe George was the first to write so fondly of the Beatle's time together after their breakup. The "fuzz" was a 60's nickname for the police (in reference to their mustaches) and reminds the listener of the many drug-related mixups the Beatles had. "When grass was green" was a simpler time, before the word "grass" came to refer to Pot. "The buzz" taking them away could be another reference to their drug use, specifically acid(LSD,) and/or it could possibly refer to the deep droning sounds of the sitar, which George fell in love with during their time in India; a transforming experience personally and in their music.

This is quite possibly my favorite song. One of my friends said that the video made her cry, but I didn't realize how powerful it is until I saw it myself. I almost cried, too.

i'm not sure why, but song titles are menetioned in this song, i.e. "You've Really Got A Hold On Me" and "It's All Over Now, Baby Blue" [which is a Bob Dylan song]. maybe these were songs the band liked or something.

This song sounds exactly like the Beatles from about 1967 (Sgt Pepper). The song is sort of about when Harrison was part of the Beatles.

The Beatles did a cover of You've Really Got a Hold on Me. there is use of flanging and stringed instrument fills and a sitar at the end. It's all very reminscent of The Beatles. And the obvious Fab Four refrence.

(Why doesn't this song have more comments??)
"Fab - like this pullover you sent to me"
This part could have some meaning to do with how everything comes and goes in phases... That this pullover someone sent to him might be stylish now but not necessarily in the future.
However, I found it interesting in another way because it reminded me of this quote: "The Beatles exist apart from my Self. I am not really Beatle George. Beatle George is like a suit or shirt that I once wore on occasion and until the end of my life people may see that shirt and mistake it for me."

Magicnudiesuit~~edit the song at the end>> '..And You've Really Got A Hold -ON- Me.."