I think all the analyses so far miss the point of this song. Remember, this song appears on the Coney Island Baby album, which was at once both an examination of Lou Reed's formative years growing up in New York, and a concept album, where he details the seedier side of the area. Coney Island is often invoked as a metaphor for bygone American dreams. The concept of the album is that the different songs are sung by, or represent, stereotyped characters that inhabit Coney Island. For example, "Charley's Girl" explicitly tells the story of a down-on-her-luck Midwestern beauty turned stripper turned prostitute. This song is written from the perspective of a Coney Island male, predictably egocentric, and, who - obviously - thinks he is a gift to the women of the world. While the song itself is fairly straightforward, the meaning behind it is less so.
I think all the analyses so far miss the point of this song. Remember, this song appears on the Coney Island Baby album, which was at once both an examination of Lou Reed's formative years growing up in New York, and a concept album, where he details the seedier side of the area. Coney Island is often invoked as a metaphor for bygone American dreams. The concept of the album is that the different songs are sung by, or represent, stereotyped characters that inhabit Coney Island. For example, "Charley's Girl" explicitly tells the story of a down-on-her-luck Midwestern beauty turned stripper turned prostitute. This song is written from the perspective of a Coney Island male, predictably egocentric, and, who - obviously - thinks he is a gift to the women of the world. While the song itself is fairly straightforward, the meaning behind it is less so.