This track is from The Most Lamentable Tragedy, a rock opera in five acts that follows a young man ("Our Hero) who runs into a look-alike whose behavior is much different than his own.
This punk anthem fits into the story's second act, and is sung from the perspective of the look-alike. It explores the desire to live life to its fullest.
The phrase 'Dime Out' means to turn all the knobs of an amplifier or effect pedal to the maximum "10" position. The band's frontman Patrick Stickles uses it here as a statement of purpose of living life to the fullest you possibly can. According to a Titus Andronicus annotation on Genius the term was first introduced to Stickles, "by longtime Shea Stadium staffer Pat Ronayne, who detailed to Stickles one night the settings he would apply to his DOD Grunge pedal in middle school years."
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