Lyric discussion by thunderbats 

Cover art for Unsatisfied lyrics by Replacements, The

great song .... great song .... great song the lyrics can fit for sexual or other meanings, and this helps give this song a nice broad accessibility. whatever disappointment you yourself are goin thru at present, this song speaks for you ! but like all of westerberg's songs, this is all about paul. he's answering the people (everybody he knows pretty much, but most especially all of the folks in the music business) who are constantly criticizing him and telling him that he has a fear of success and that he will INTENTIONALLY feck up every time he gets a chance to close the deal to become the ACKNOWLEDGED voice of his generation. i always think he's singing to jill mclean from twin-tone (the band is sitting on jill's roof outside of her second-story window facing lyndale avenue in Dan Corrigan's photo that was used as the cover of "Let It Be). He's saying, "no i ain't satisfied being a big-fish in this little mpls. pond. i want more ! i wanna be bigger than the beatles and stones combined !!" unfortunately jill and everybody else was right ... they get chance to show there stuff to everyone on SNL, what do the do?, they get so fecking drunk people can't even tell what species they are ...
as he sings on "we're coming out" ... SNL became the same-old, same-old "one more chance to get it all wrong ... one more chance thrown away ... one more time to do it all wrong" "liberty is a lie" is a reference to all of the suggestions/demands from all of the a&r folks "everything you dreamed of" refers to paul's desire to be bigger than he was then, sadly he didn't become as big as he could have.