Lyric discussion by LezloShig 

Cover art for Better Dead Than Lead lyrics by Ted Leo and the Pharmacists

I think its about a person ideas and how there ideas and beliefs are there most prized possesions Gold=things they believe in Lead=things they dont believe in. So the Captains of Alchemy who are really good at making lead look like its gold give it to this man to believe in there cause. Someone comes up to that guys points out to him that this thing he believes in so vehemently is actually something very ugly and not what he thought at all.

So maybe its about The Iraq War.

Politicians makes us believe in it and it turns out its not what we thought it was at all.

Also as I was typing I thought this could also be about materialism, A man thinksonly about money and doesnt care about anything else. A guy gives him one piece of Gold that is so wonderful it makes him fly. and it turns out that that wasnt even gold it was lead.

SO now I just confused myself on what i think it means. I guess Ill let you decide in which one to believe