This song cracks me up because it is obvious Brian was just bringing up things around him for the lyrics. There was no deep meaning. The song was more about the groove and melody than the lyrics. They were in Munich recording with Mack. He mentions the studio, his amp stack, Mack, the Sugar Shack (a place they would go clubbing in Munich), and any reference to "she" is his Red Special. The dragon on his back was literal. Many of Brian's stage clothes had dragons on them, including black jacket he wore casually and white vest he wore on stage with a literal dragon on the back.
This song cracks me up because it is obvious Brian was just bringing up things around him for the lyrics. There was no deep meaning. The song was more about the groove and melody than the lyrics. They were in Munich recording with Mack. He mentions the studio, his amp stack, Mack, the Sugar Shack (a place they would go clubbing in Munich), and any reference to "she" is his Red Special. The dragon on his back was literal. Many of Brian's stage clothes had dragons on them, including black jacket he wore casually and white vest he wore on stage with a literal dragon on the back.