Lyric discussion by jaques_lamure 

Cover art for Wolf Notes lyrics by Fiery Furnaces, The

I think this song is about a girl (the female singer at the start of the song) who wants to hear some live music as opposed to something heard on a stereo or radio. The boy starts to play and she appreciates it- unfortunately, he isn't technically very good. A subtly humor pervades this song; for instance, he receives compliments, though a technical measurement tool of sound quality would "say otherwise."