I think this song is about a rape. "Don't you say no to me, baby, big mistake."
It's about a guy raping a young girl, not nessecarily Robert Carmine/Schwartzman/Coppola (lol), but it's like a warning type of thing. Don't go out with older men you don't know anything about and don't don't dress like you're inviting sex. (Daisy Dukes)
Second best Rooney song ever (First is Popstars).