Lyric discussion by lolomgrofl 

Cover art for Froggie lyrics by Presidents of the United States of America, The

No, he does die:

"His brain explodes... his eyes implode... his tiny heart goes peuny pop..." "His shiny legs refuse to hop... he floats on down..." "To a burning place... he looks around... for a friendly face..." "The band is there patiently waitin' for a froggie's brand new sonic creation" "He starts to ribbit... he starts to kick it"

He "floats on down to a burning place" goes to hell and "The band is there patiently waitin' for a froggie's brand new sonic creation"

So yes he does take to the stage again, but in hell, because he's dead.

"Rolling Stone magazine made him cry and missed the king"

Rolling Stone has an obituary for him.