In the part where he sings about "all the old faces asked you why you're back, etc." I take that to mean the storyteller has come back to his home town to live with his parents, possibly after failing at a dream, and the old faces set him up with a job and he drives to work in his father's car.
The part about "in the darkness of your room your mother calls you by your true name," this is just a guess, but I think Springsteen was Catholic, and in this song the storyteller's mother is calling him by his real name instead of his Catholic name, which his dad might do.
In the part where he sings about "all the old faces asked you why you're back, etc." I take that to mean the storyteller has come back to his home town to live with his parents, possibly after failing at a dream, and the old faces set him up with a job and he drives to work in his father's car.
The part about "in the darkness of your room your mother calls you by your true name," this is just a guess, but I think Springsteen was Catholic, and in this song the storyteller's mother is calling him by his real name instead of his Catholic name, which his dad might do.