The song itself alludes to the Kings and Queens of Medieval times, but then changes to a more modern context. Making the point that the human race simply victimizes itself most of the time and we take life for granted.
The music video takes place in New York City, which, ironically, is located in close proximity to Kings and Queens, NY.
Guy 1: "Did you hear Kings and Queens yet?"
Guy 2: "Yeah, everybody loves that song"
Guy 1: "Conformist"
Guy 2: "Dick. . ."