As documented in the film Dig!, the song is dedicated to the band The Brian Jonestown Massacre, friends/rivals of The Dandy Warhols at the time, who in turn dedicated their own track "Not If You Were the Last Dandy on Earth" to them.
^Byrne, Ciar. "How to get ahead in music: Make an ad!". Artists whose tracks are used in television adverts often find instant fame and riches after years of obscurity, while having to face accusations of selling out. The Guardian. Retrieved 10 August 2013.