Lyric discussion by Barseti 

Cover art for Benny the Bouncer lyrics by Emerson, Lake & Palmer

Nobody seems to know what the "end of a ted" means. But as for the cold meat pie, the best answer I've heard is that it's a broken bottle used as a weapon. And there's already a bottle present from the pint of Guiness. Benny must have picked up the bottle when Sid put it down to wield the knife. He might have sustained injuries causing him to upgrade to a larger weapon; namely the hatchet.

Negative
Subjective
Fear
Interpretation
Violence
Mystery
Alcohol
Weapon