Lyric discussion by lonelylittlekitsch 

Cover art for Sebastian lyrics by Steve Harley & Cockney Rebel

I always thought the hook line came from Shakespeare's Twelfth Night, when Viola says "He named Sebastian. I my brother know yet living in my glass ..."

The premise of the play makes sense in comparison with what was happening insofar as gender identity and the sexual liberation of the glam rock movement. The rest of the lyrics seem to be predominantly word imagery, and I think so much is hinted at with the words "Lead me away, come inside, see my mind in kaleidoscope ..."

It's all very Bowiesque, for want of a lesser word.

My Interpretation

I absolutely agree (the remembering) is gender crossing/-driven, which was a fashion in the early seventies with Bolan, Reed en Bowie going on, or of course, could be real.