Lyric discussion by CryogenicMan 

Cover art for @!#?@! lyrics by Motion City Soundtrack

It sounds like "I caught the legend in this town", which could be another video game reference (pokemon). And There will be blood is a movie, so it could be talking about a bunch of nerds who get picked on.

actually they sing "I'm quite the legend in this town." not i caught the legend in this town. wouldent surprice me if both the two first lines are refrences to legend of zelda Ocarina Of Time