Yeah, well in or out of place; Eleusinian mysteries notwithstanding,

GEEK

is the word.
And the Geek in question is striving, at the beginning of the song to turn his life around (Alchemist stone - geddit?).
Why what did you think?, that jimmy and his girlfriend went swimming one morning and he was too afraid to get his hair wet?
The song is littered with symbolism:
For all of you who must discover
For all who seek to understand.
Come on lads and lassies, put the sensitivity hat on here, and 'ponder' the song
To paraphrase it would be lessening the worth of the song,
Obviously the writer was, or was putting himself in the situation where he was, looking back on his life with some measure of regret, but at the same time seeing what road he should keep to, (symbolic) to stay on the straight and narrow.
The first verse is reminiscient of a line in "The Whole of the Moon" by the Waterboys:
"I saw the crescent, you saw the whole of the moon"
What is the Bright Blue Rose?
That which is seemengily unattainable, but at the same time not beyond the realms of possibility
Everything clear.....Good!
ll go and get my head shrunk now (ha ha) The jessins of Blasus on yis.
(intentional roonerspisim) B.