Hi Misha!
I love the rhythm and feel of this - am I correct in saying it has reggae underpinnings? I love reggae! As others have said, this arrangement is laden with effects, and is a lesson on how much these special FX can add to the story.
The lyrics - that's some quirky stuff right there. I got the impression that each verse tells a different story of over-confidence - and still trying to get the visual imagery of speedos out of my mind - or as we in Australia call them - 'budgie smugglers'.