Lyric discussion by JayWalker 

those three names are indeed the key to understanding the song. Sadrach mesach and abedagno where three pious jews who, according to the bible, lived under the reign of nebukadnezar. They refused to bow before the golden statue he had made of himself.

in this song the beasty boys identify themselves with those 3 jews and king nebukadnezar stands for the music industry. The bosses of the major labels. the song expresses the desire to stay true to theirselves.

the songs is from the 1989 album Paul's Boutique. that album was disliked and vilified by their label (ironically capitol records) (no need to say the king stays in the capital) because it was not commercial enough. Guess they got the message trough.

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