The Billy mentioned in ths song refers to Billy Name who was the Factory's unofficial photographer, Andy Warhol's boyfriend, and later Lou Reed's. During the Factory years Lou Reed and Billy Name were interested in matters of the occult and Billy would often state things like that. When Billy Name locked himself in the Factory's darkroom for a year (letting only Lou Reed and a few others in) Lou Reed claimed that he regretted ever getting Billy interested in astrology and magic.
The Billy mentioned in ths song refers to Billy Name who was the Factory's unofficial photographer, Andy Warhol's boyfriend, and later Lou Reed's. During the Factory years Lou Reed and Billy Name were interested in matters of the occult and Billy would often state things like that. When Billy Name locked himself in the Factory's darkroom for a year (letting only Lou Reed and a few others in) Lou Reed claimed that he regretted ever getting Billy interested in astrology and magic.