The lyrics themselves describe a group of teenagers — Wild Billy, Hazy Davy, Crazy Janey, Killer Joe, G-Man and Mission Man, who is the person in the song telling the story — going to a spot called "Greasy Lake" near "Route 88" for a night of freedom, sex, and drinking.
Sami stihovi opisuju skupinu tinejdžera - Wild Billyja, Hazy Davyja, Crazy Jane, Killer Joea i G-Mana - koja odlazi na mjesto zvano "Greasy Lake" blizu "Ceste 88" zbog noći prepune slobode, seksa i pića.