I know S. Merritt is from Williamsburg and there really is nothing to do there. Aside for the historical significance, the only things there that are 'thriving' is the College of William and Mary and Busch Gardens (which isn't mentioned in the song). Being from a town like that, as well, I can see how this song is about a bunch of kids trying to have a good time in spite of their lack of resources.
I know S. Merritt is from Williamsburg and there really is nothing to do there. Aside for the historical significance, the only things there that are 'thriving' is the College of William and Mary and Busch Gardens (which isn't mentioned in the song). Being from a town like that, as well, I can see how this song is about a bunch of kids trying to have a good time in spite of their lack of resources.