The song "Hollywood Dreams" by John Stewart is about a person who has lost their dreams and is searching for meaning in their life. They are sitting by the roadside, watching the world go by and feeling lost. They are looking for the rainbow sign, hoping to find their way back to their dreams. The person is enchanted by the glamour and excitement of Hollywood, believing that it is the place where they can find their dreams. They are looking for the band that will lead them to the sky, hoping to find their place in the world. The lyrics mention angels on the road, suggesting that there are unseen forces guiding us through life. The person is searching for direction and purpose, hoping to find their way back to their Hollywood dream. Overall, "Hollywood Dreams" is a song about the search for meaning and purpose in life, and the belief that there is a place out there where our dreams can come true. It is a hopeful and optimistic song that encourages us to keep searching for our Hollywood dream.