In Penny Lane there is a fireman with an hourglass
And in his pocket is a portrait of the Queen
He likes to keep his fire engine clean
It's a clean machine
A man who keeps punctuality as a goal. Very indicative of the British Condition, subverting all of one’s desires to an admiration and striving for a goal that one can keep, instead.
He keeps a portrait of the Queen, another person he’ll never reach or touch, but his perversion is that the Queen — a ‘handsome’ woman — is his masturbatory fantasy, and, like clockwork — punctually — he masturbates (keeps the fire engine clean) often — it is, after all, a clean machine, worthy of the Queen.
To help improve the meaning of these lyrics, visit "Penny Lane" by The Beatles Lyrics and leave a comment on the lyrics box