Our song it skips, on little silver discs
The use of “song” here could be understood the same way as on Neighborhood #1 (Tunnels)– as a metaphor for a way of life. The “little silver disc” is obviously a CD, which stores music.
Sometimes songs played on discs (be they CDs or vinyl records) will accidentally “skip”– this was deliberately recreated by Bowie on “Chant Of The Ever Circling Skeletal Family”. This is a distortion of the “true” song, much like the distortions caused by a reflection.
To help improve the meaning of these lyrics, visit “Reflektor” by Arcade Fire (Ft. David Bowie) Lyrics and leave a comment on the lyrics box