The song "Diamond Studded Bumble Bee" by Guttermouth is a light-hearted and humorous track that doesn't have a deep meaning or story behind it. It mainly focuses on random and quirky elements, showcasing the band's playful and witty style. The lyrics mention various seemingly unrelated things such as Mt. Rushmore, The Golden Steer restaurant, a golden tan, a Latin accent, cowboy boots, cologne, Mr. T (a famous actor known for wearing lots of gold jewelry), pirates, miners, piano players, and a holiday in Africa. The central theme of the song revolves around a gift received, which is a diamond studded bumble bee-shaped piece of jewelry. The lyrics express appreciation for this unique and extravagant item, suggesting that it can be worn by both the singer and the intended recipient. The song also mentions how the jewelry complements different fashion choices such as a sequined dress and even accentuates a hairy chest. Overall, "Diamond Studded Bumble Bee" is a lighthearted song that doesn't carry a particular meaning or story. It's more about showcasing Guttermouth's sense of humor and their ability to create amusing and catchy tunes.