The song is about being at the moment of death and seeing the truth, that you have spent all your capital, your time and energy, on the things of the world, "the products of wealth". God's waiter shows up in symbolic fashion. The bill has come due, the reckoning that you must make for how you have lived your life. But you have used up everything, down to your last bit of capital, on things that mean nothing now. So you paddle out of the mess that you've made. But it isn't certain where you are going. Maybe it isn't heaven or hell, but just away from the mess that you've made of your life and the world itself.
The song is about being at the moment of death and seeing the truth, that you have spent all your capital, your time and energy, on the things of the world, "the products of wealth". God's waiter shows up in symbolic fashion. The bill has come due, the reckoning that you must make for how you have lived your life. But you have used up everything, down to your last bit of capital, on things that mean nothing now. So you paddle out of the mess that you've made. But it isn't certain where you are going. Maybe it isn't heaven or hell, but just away from the mess that you've made of your life and the world itself.