Lyric discussion by graviton 

Cover art for Butterflies lyrics by Toad the Wet Sprocket

Oh, and to correct John Johnston above, it's not "his skin flashed open" it's "the screens flashed open"

It's referencing those telescopic viewers they have at some tourist attractions. You put a coin into the viewer and the shutters ("screens") open and you can look around as if using a pair of binoculars. That's why the girl was asking for a nickle in the first verse.