Lyric discussion by billvoltage 

Cover art for Was It All Worth It lyrics by Queen

As Freddie said countless times, there is no deeper meaning, they were just writing a song...

Seriously, thought, I think this is a song about Queen, not Freddie. I believe that it is merely them asking, "Were all the sacrifices we made and freinds we lost worth what we are today?" And, as said above, they answer it with, "Yes, it was a worthwhile experience. / It was worth it ." So, I think they are merely trying to see of they should have done something else, gone on with graphic design/astronomy (I forget the other two's majors, but etc.) and forgotten about music, however, in the end they say, "Yes, we did what we liked, and it really was worth it."