I don't think the term "Lolita" is at all literal. The song seems to be about falling in love with a harlot. Calling her a "wicked child" and "modern child of the night" are just euphemisms. "Lola" is just a slut, but the speaker sees her as the elegant "Lolita", ripe with mystery and intrigue. What she looks like, how the speaker sees her, and what she really is are very, very different things =]
meekly peeks out of shadows
I don't think the term "Lolita" is at all literal. The song seems to be about falling in love with a harlot. Calling her a "wicked child" and "modern child of the night" are just euphemisms. "Lola" is just a slut, but the speaker sees her as the elegant "Lolita", ripe with mystery and intrigue. What she looks like, how the speaker sees her, and what she really is are very, very different things =]