And I'm afraid of you tonight,
Those striped socks and punk rock pajamas.
another fashion commentary (which is probably directed at a lot of his fans.) he's noting that punk has lost some of it's honesty in the fact that it's being manufactured into sleepwear. but, despite all of this, he still can't get away from it because it is what he loves doing.
also the line:
And I'm afraid of you tonight, Those striped socks and punk rock pajamas.