Donovan has put his acid tripping aside in order to get himself together and woo some hard-to-befriend person or persons. Since reportedly, he's in India with the Maharishi and the Beatles, and the song was reportedly dedicated to John and Paul, my guess is that's who he wants to impress and draw in.
The over-confident chest-beating that follows is tongue-in-cheek - He's actually admitting he's star-struck, bedazzled, and not in their league (but probably should have been).
Donovan has put his acid tripping aside in order to get himself together and woo some hard-to-befriend person or persons. Since reportedly, he's in India with the Maharishi and the Beatles, and the song was reportedly dedicated to John and Paul, my guess is that's who he wants to impress and draw in. The over-confident chest-beating that follows is tongue-in-cheek - He's actually admitting he's star-struck, bedazzled, and not in their league (but probably should have been).