Smashing pumpkins lyrics cherub rock

I've always thought it was about the music industry, but I have a different take on what some of the lines actually mean.

The music industry execs are pretty much telling them what is hip, how it should be done, the kind of things they should play.

This was during MTV's round-up of 'grunge' acts (they thought the pumpkins were grunge) and they were all "do a performance video."

Freak out, give in, doesn't matter what you believe in: Always thought it was just about them as a band, they used to be indie (sub pop) but then they moved to a new major label (virgin).

Apparently, they were never really considered indie by most indie bands, that they were "careerists" from the start. I just thought that the lines "doesn't matter what you believe in" just relating to that, the music industry being so critical of what they do, that what they (the band) believes takes no precedence, it's no longer up to them.

Stay cool, and be somebody's foo