This song is about the Knights' journey in the 1975 film Monty Python and the Holy Grail. The specific scene is one where they fight a vicious rabbit (the Killer Rabbit of Caerbannog), who has the "sharp and pointy teeth" Dave Mustaine sings about on this track.
Mustaine, who wrote the song, is hardly the first musician to draw inspiration from Monty Python (Ian Anderson of Jethro Tull credits much of his humor to their influence), but he is one of the few American's to write a song inspired by their work.
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