This is Billie Joe Armstrong's commentary on commercialism, and how people want materialistic things all the time. Macy's is a big department store that sponsors a Thanksgiving day parade in the US that is the height of commercialism, with branded floats and inflatables reminding us of all the great stuff we should buy for Christmas. In the song, Armstrong sees through the veneer and won't be spellbound by the giant Snoopy. He wants something, but you can't buy it. All he wants is to have hope in his life.
Armstrong explained in a promotional interview for the album: "It's sort of about the lies and deceptions that you have growing up and how you have to find your own way around."
"Macy's Day Parade" is the last track on Warning, Green Day's sixth album. Commercially, it was a flop, merely going Gold when their previous three albums had all gone Double Platinum, but artistically it was a success, leading the way for their next album, American Idiot, in 2004.
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