Lyric discussion by valorouslegacy 

Cover art for The Skeleton Song lyrics by Mighty Mighty Bosstones, The

The song is about the singer's past and secrets catching up with him and the memories leaving him in a sad state. He had to face the challenges that these memories brought, or his skeletons (referring to the term "a skeleton in the closet," meaning a secret) and unexorcised demons (referring to inner demons, a common saying for inner turmoil) would drag him down.