The song is a direct hit at their record label Lifesong (to which the band referred as "Lifelong"), and the less-than-profitable relationship they had. The band's debut was a contender for record-of-the-year in Rolling Stone (maybe it won, I don't remember) in 1975, but because the label didn't promote the record properly and because their distribution network was incompetent, it went more or less nowhere. Hence the lyrics above, which brilliantly fit the smart-ass tone the band set elsewhere.
The song is a direct hit at their record label Lifesong (to which the band referred as "Lifelong"), and the less-than-profitable relationship they had. The band's debut was a contender for record-of-the-year in Rolling Stone (maybe it won, I don't remember) in 1975, but because the label didn't promote the record properly and because their distribution network was incompetent, it went more or less nowhere. Hence the lyrics above, which brilliantly fit the smart-ass tone the band set elsewhere.