Lyric discussion by JJKelsall 

Cover art for Trophy lyrics by Siouxsie and the Banshees

SEVERIN: "John and Kenny are going to recognise a few of the titles of the new songs, I think. Old lyrics that they've seen and turned their noses up at.... 'Trophy' was nearly on 'Join Hands'." Source: Zigzag 05/80.

I think the song itself is about old forgetten people with all their medals, and they just sit there wallowing in nostalgia for their glory days.