Lyric discussion by sokorny 

Cover art for Hats Off To Larry lyrics by Me First and the Gimme Gimmes

Comes across as a song where a man was dumped by a girl (who laughed at him when doing it). So that man is now happy because "Larry" has now dumped that girl ... in a similar vain.

Bit of a reap what you sow (in regards to handling of relationships)

I wonder if this was based on a true story (by Del Shannon)?? Not mentioning the girls name in the song (and explicitly saying it doesn't matter at the start) makes me feel that this was a true story (or at least close too)

My Interpretation

@sokorny I'm afraid we will never know, Del-RIP many years ago.