Lyric discussion by Blue_Man 

Just re-iterating what wonderdog said at the start of his excellent post - you really can't put any faith in how Gord introduces the song. The live version kicking around online that segues into Nautical Disaster (well worth checking out, by the way) begins with the line "This is a song about our very favourite nuclear submarine..."

And then there's my all-time favourite Downie song "explanation", from the version of The Luxury on Live Between Us - "This is about a man down on his luck, so he takes to the streets shaking a banana at people and tries to convince them it's making a sound..."

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