Lyric discussion by Coffee and TV 

Cover art for One Big Holiday lyrics by My Morning Jacket

"was a bad man from california tellin' of a stone he'd bring and of better days from this town, we'd escape if we holler loud & make our way we'd all live one big holiday"

I interpret this to mean a record producer is promising them big money, or "stone" and better days for "hollering and making our way" recording an album, and one big holiday to mean they'd be rich blah blah blah.

My 2 cents anyways but I'm probably off.