Cadillac Sky inside joke

I walked into the gymnasium
With a corsage in my hands
Pulled a girl out
Of the big crowd
And invited her to dance
Everybody's laughing out loud
I don't know what they're laughing about...
Checked my ankles for my trousers
My back for a 'kill me' sign
Bribed the DJ with a dollar
Tell me, what was the punch line?
Everybody's laughing out loud
I don't know what they're laughing about...
Everybody's pointing their fingers
Everyone's painting me red
Everybody's pointing their fingers
And I'm wishing I was dead
Everybody's laughing out loud
I don't know what they're laughing about...