Read the lyrics, they are in future tense. The song is simple (and brilliant): two guys who are starting up a band write a song about starting up a band. They write about what would happen if their fates are pre-determined by the choice to start a band. References to Hendrix, Jim Morrison, and others lend poignancy.
Ironically, mgmt are becoming stars and this is actually now happening to them. Funny and sad, and ultimately life-affirming. My favorite song of the year by far.