Lyric discussion by bocmaxima 

Cover art for Stove By A Whale lyrics by Ted Leo and the Pharmacists

I agree that this song is intentionally lo-fi. The video of them performing this during the NYC blackout at South Street Seaport in '03 is amazing. It's on the "Dirty Old Town" DVD extras. "Stove By a Whale" is a book by Thomas Farel Heffernan about the first documented sinking of a ship by a whale. I think this song is about approaching and dealing with your fears.