The Fix Lyrics

Lyric discussion by hilts 

Cover art for The Fix lyrics by Elbow

I think "the saddles are loaded, the mickeys are slipped" means that the other horses and had extra weight put into their saddles and the stable lads, who are often Irish (micks = mickeys) been bribed (slipped cash).

Pegasus pills could mean steroids or just mean that the horse is almost fast enough to fly (Pegasus = flying horse)

The snaps of the stewards so candid - suggests that the officials are in on the fix as well

Penguins and pearls - dinner suits and smart dresses for the ladies.

Donahue Sisters - is the name of a play set in Ireland by Gerald Aron. No obviously connection but keeps with the Irish theme

@hilts Donahue sisters might be a reference to The Dolly Sisters. Two actress and dancers who were famous for high stakes gambing at horse tracks and casinos. Kind of The Cheeky Girls of Pre-War Europe.