Here is some info on the song
This song is about a transvestite. According to a 2004 piece in Rolling Stone magazine, it may have been inspired by the famous transvestite Candy Darling, who Kinks lead singer Ray Davies allegedly dated for a brief time. This is the same Candy mentioned in Lou Reed's "Walk On The Wild Side" ("Candy came from out on the island, in the backroom she was everybody's darling").
The other possibility, which is stated in The Kinks: The Official Biography, is that Ray Davies wrote the lyrics after their manager got drunk at a club and started dancing with what he thought was a woman. Toward the end of the night, his stubble started showing, but their manager was too tanked to notice.
From
www.songfacts.com
The Lyrics
I met her in a club down in old Soho
Where you drink champagne and it tastes just like cherry-cola [LP version: Coca-Cola]
See-oh-el-aye cola
She walked up to me and she asked me to dance
I asked her her name and in a dark brown voice she said Lola
El-oh-el-aye Lola la-la-la-la Lola
Well I'm not the world's most physical guy
But when she squeezed me tight she nearly broke my spine
Oh my Lola la-la-la-la Lola
Well I'm not dumb but I can't understand
Why she walked like a woman and talked like a man
Oh my Lola la-la-la-la Lola la-la-la-la Lola
Well we drank champagne and danced all night
Under electric candlelight
She picked me up and sat me on her knee
And said dear boy won't you come home with me
Well I'm not the world's most passionate guy
But when I looked in her eyes well I almost fell for my Lola
La-la-la-la Lola la-la-la-la Lola
Lola la-la-la-la Lola la-la-la-la Lola
I pushed her away
I walked to the door
I fell to the floor
I got down on my knees
Then I looked at her and she at me
Well that's the way that I want it to stay
And I always want it to be that way for my Lola
La-la-la-la Lola
Girls will be boys and boys will be girls
It's a mixed up muddled up shook up world except for Lola
La-la-la-la Lola
Well I left home just a week before
And I'd never ever kissed a woman before
But Lola smiled and took me by the hand
And said dear boy I'm gonna make you a man
Well I'm not the world's most masculine man
But I know what I am and I'm glad I'm a man
And so is Lola
La-la-la-la Lola la-la-la-la Lola
Lola la-la-la-la Lola la-la-la-la Lola
