The song tells the story of a person who is trying to make it in life, but feels like they are not getting what they deserve. They drive across the country and end up in Brooklyn, where they encounter a community of people who are vain and envious of each other's success. The protagonist suggests starting a repertory movie house, but is met with skepticism and cynicism. The lyrics explore themes of entitlement, jealousy, and the desire for success. The protagonist grapples with the fact that they are not getting what they believe they deserve, but also realizes that they cannot blame others for their situation. The song also comments on the pretentiousness and arrogance of some people, who always think they are right and cannot tolerate others' success. Overall, "Pike St. / Park Slope" is a commentary on the struggle for success and the pitfalls of envy and entitlement. The protagonist is searching for a way to make it in the world, but finds that success is not easy to come by.
