Though they're back together now, it seems to me like these lyrics could be an attack on Judas Priest. Seeing as how Bruce Dickinson is featured, it may also work against Iron Maiden. A lot of the lines seem to work for this, most notably "Your only future is your past," which would imply that Priest would never be big again with Tim Owens, only remembered for their great days with him.
Though they're back together now, it seems to me like these lyrics could be an attack on Judas Priest. Seeing as how Bruce Dickinson is featured, it may also work against Iron Maiden. A lot of the lines seem to work for this, most notably "Your only future is your past," which would imply that Priest would never be big again with Tim Owens, only remembered for their great days with him.