I think the song is about writing music that is fake, which makes the star red. Red meaning fake and evil or lying. It kinda shows in the song throughout, I do understand the commi plot but it does not match with the you sign and we erase it stuff. It is about how the star hides the truth and that the lyrics are just fake but you feel it, they don't.
In the end its just a business like any other. Some do it to change the world like a philosopher, scholar, or heroe. Some do it because they are needy.
Misplace admiration with stars because we think we feel what they do, so we admire them, they speak for a generation but they lie, which make us a lie but its all we know. I love this song, any ideas?