I think this whole song is basically about depression. Around the time he wrote this song, Micky Dolenz was going through depression and abusing drugs, and I believe this whole song is about everything that was going on and coping with it. Especially the part where he says "And you're taunted by the power that you really don't want anymore", I think it's about him having all these things now, but it really didn't mean anything. I think he just wanted his past back.
I think this whole song is basically about depression. Around the time he wrote this song, Micky Dolenz was going through depression and abusing drugs, and I believe this whole song is about everything that was going on and coping with it. Especially the part where he says "And you're taunted by the power that you really don't want anymore", I think it's about him having all these things now, but it really didn't mean anything. I think he just wanted his past back.