"Drvin' & Cryin" lyric interpretation help?

Subject (youtube link to the song in question)

I’m pretty good about working this sort of problem out on my own, and I often enjoy the challenge (Siouxsie & the Banshees Rhapsody took me a while but was worth the effort). But this song makes my melon hurt. Specifically:

I’m stumped. The vibe I get from the rest of song feels to me like the singer is addressing a royal screwing he got from someone, maybe a music producer, but what little I know of the band’s history is devoid of such hassles. But I also get the feeling the key is in the chorus, and I’m not getting it.