The lyrics tell a comic story about two friends comparing new romances. At first, both men feel hopeful and describe dates that seem to be going well. Their excitement gradually turns into suspicion: the women are often unavailable on Fridays, and the men keep spending money on gifts. The final discovery suggests that both friends may be dating the same woman, who appears with another man.
The repeated question “Is it that one?” shows the friends trying to identify the woman among people at the bar. “She turns my head” is an informal way to say that someone strongly attracts or fascinates you. One man says he pretended to have money, while the other worries that he is “broke” after buying gifts. These details make their courtship sound enthusiastic but also financially foolish.
The lyrics use exaggeration and repetition for humor, and the ending offers a likely explanation for the woman’s absences. Still, the men’s conclusions are based on clues, not a full account from her, so the listener cannot know exactly what her relationships are. The song pokes fun at the friends’ confidence and jealousy as much as at the woman’s mysterious schedule.