What A Waste
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The speaker imagines many possible lives, from ordinary jobs to more dramatic roles, then contrasts them with the choice to perform in a band. Calling that choice โa wasteโ suggests regret: perhaps a talent or opportunity has been spent on something uncertain. Yet the ending says the world does not mind, giving the refrain a more defiant, shrugging tone. The speaker has chosen this life, even if it brings nerves and doubt.
The repeated phrase โplay the foolโ can mean acting silly or entertaining others, but it may also suggest that the performer is not taken seriously. โFirst-night nervesโ means anxiety before a first performance; โone-night standโ here likely refers to a single live show, not a romantic encounter. The list of possible careers makes the singerโs path seem only one among many, while the mention of โwide extremesโ hints at the very different directions a life might take.
The song holds regret and acceptance together rather than settling on one clear feeling. The speaker may genuinely wish for a safer or more respected career, or may be teasing the idea that a creative life is wasted. โI should be gladโ sounds partly like self-encouragement, but it could also be ironic. The final emphasis on having chosen the band suggests ownership of the decision, even without certainty that it was the best one.