Written by Sting, this song is about being under the control of another person. For most of the song, the singer is under the control of the woman who dominates him. At the end however, he figures her out and turns the tables. The chorus changes from "I'll be wrapped around your finger" to "you'll be wrapped around my finger."
The line "Caught between Scylla and Charibdes" is a reference to Greek mythology. Scylla was a nymph who was turned into a six-headed monster by Circe. She lived on the Straits of Messina and destroyed any boats that passed by. Across from Scylla was a whirlpool where the a monster named Charibdes lived. Sailors going between them were usually killed. Odysseus made it, which is described in the book The Odyssey.
"Mephistopheles," as heard in the line, "Mephistopheles is not your name," is another name for the Devil.
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