Lyric discussion by marshmallow1304 

Cover art for Froggie lyrics by Presidents of the United States of America, The

I won't dispute that it's about Tom Petty as asserted by JAStewart, but I think the song can be applied in a broader sense. The frog is a rock star and the frog experiences the height of glory and fame, then sinks into oblivion and depression and dies from a drug overdose.

The part from "The show is over" to the end is the best.