From the Ritz to the Rubble Lyrics

Lyric discussion by Cjones178 

Cover art for From the Ritz to the Rubble lyrics by Arctic Monkeys

I'm sorry but this song is just stunning. People might think 'oh he's just talking about going out.' but try writing lyrics about that without sounding like a ponce, very hard to do and Alex Turner nails it every time

So what do the lyrics mean? If he's not "just talking about going out" why not explain it to us. (I for one have no clue about these lyrics:)