Lyric discussion by raphael106 

Cover art for The Wanderer lyrics by Dion and the Belmonts

I think this song is describing the perils of being a wanderer. Dion is Christian and has some quite conservative beliefs, amongst them are that casual relationships bring pain to both parties.

The wanderer with his "two fists of iron" suggests he possesses great strength and control, but also he's clenched in fear/anger? He's going nowhere, the repetition on around around around... suggests it's tedius for him. And he could fall for girls, but a barely thought through compulsion making him "hop right into that car".

Dion is saying that people like this appear happy, but are miserable.