Lyric discussion by meghanfru 

Cover art for Give It Away lyrics by Red Hot Chili Peppers

At its base, this song is about a friend of AK's who gave him an expensive leather jacket when he was a young junkie. He protested that it was a very expensive item for her to give to him, but she replied that nothing is worth anything unless you "give it away". He remembered this some years later when writing this song.