The song is indeed about loosing virginity or being afraid of seeing their daughter with other men, i suppose the strokes wrote to song to show that they are being afraid of their own daughters, before they was the guys who was alone with other peoples daughters and now they are scared of where their daughters been, cause who knows she could be alone with men and they are tired of thinking about it just like the former generation did, even though they thought their (the former next generation) generation will forget about being afraid of their daughters being.
The song is indeed about loosing virginity or being afraid of seeing their daughter with other men, i suppose the strokes wrote to song to show that they are being afraid of their own daughters, before they was the guys who was alone with other peoples daughters and now they are scared of where their daughters been, cause who knows she could be alone with men and they are tired of thinking about it just like the former generation did, even though they thought their (the former next generation) generation will forget about being afraid of their daughters being.