Info
This isn't a song; it's a dialogue, spoken by Jim Steinman. It is a prologue to "Everything Louder Than Everything Else" and, as I have mentioned elsewhere, belongs played together ("ELTEE" actually has "Wasted... Youth!" being yelled in the background at one point).

The whole thing seems to be a sarcastic look at all the bad things people have been saying about rock and roll since rock and roll was first invented: it's corrupting, evil, brainwashing, makes you violent, and so on. I find it hilarious.

Lyrics
(Wasted youth! Wasted youth!)

I remember everything!

I remember every little thing as if it happened only yesterday. I was barely seventeen, and I once killed a boy with a Fender guitar. I don't remember if it was a Telecaster or a Stratocaster, but I do remember that it had a heart of chrome and a voice like a horny angel!

I don't remember if it was a Telecaster or a Stratocaster but I do remember that it wasn't at all easy... it required the perfect combination of the right power chords, and the precise angle from which to strike!

The guitar bled for about a week afterward and the blood was sough dark and rich, like wild berries... the blood of the guitar was Chuck Berry red! The guitar bled for about a week afterward, but it rung out beautifully... and I was able to play notes that I had never even heard before.

So... I... took my guitar... and I smashed it against the wall! I smashed it against the floor! I smashed it against the body of a varsity cheerleader! Smashed it against the hood of a car! Smashed it against a 1981 Harley Davidson! The Harley howled in pain, the guitar howled in heat!

And I... ran up the stairs to my parents' bedroom... mummy and daddy were sleeping in the moonlight. Slowly I opened the door, creeping in the shadows right up to the foot of their bed... I raised the guitar high above my head, and just as I was about to bring the guitar crashing down upon the center of the bed, my father woke up, screaming "Stop! Wait a minute! Stop it boy! What do ya think you're doin'? That's no way to treat an expensive musical instrument!"

And I said: "God dammit daddy! You know I love you, but you got a hell of a lot to learn about rock and roll!"