Lyric discussion by New_Morning 

Cover art for Lolita lyrics by Stereophonics

Yeah, the song is named after his child Lolita, but i find it difficult to believe that it has anything to do with her.

From what i make of it, it seems to be about a girl that he admired and respected, who lived a poor and dangerous life ("Sold junk at the carousel") in order to survive ("Bind you")

He explains how she made him happy, ("You make my wheel set me free") and as a result, he got mixed up in attempting to save her but failed.

"Oh everything has gone wrong I left you at the gold motel Selling junk at the carousel That bound you down Can't find you now"

A lot of songs within Language, Sex, Violence, Other, seem to focus on regret and loss. Maybe this is yet another example?