This song is about an intentional vehicular homicide

I can't say whether or not the song is really about running people over with the cars, only that the "wah-wah-oohs" probably signifies police sirens, and it's not implausible that the couplet

"We always take my car cause it's never been beat/And we've never missed yet with the girls we meet" 

could refer to 1) not having been overtaken in a police chase and 2) repeatedly marking their chosen victims (always female, just like the best serial killers!) with the tire treads of their mustang.


My buddies and me are getting real well known
Yeah, the bad guys know us and they leave us alone,' right boys?

Maybe they’re staying away because you just killed their family and drove around town with their loved one’s remains dangling from your bumper, you sick bastards."


Kurt Russell's character in Death Proof might have been based on Brian Wilson. In which case, Tarantino is a fool for not getting this song onto the jukebox in that bar scene.

Just a thought.

(Haha!)