The second verse is great, I couldn’t bring myself to type in the first stanza in its casual misogyny. Did it anyway, see bottom of post.

The poet is talking about a tipsy boy and shows in a lovely way their own tipsiness by the gaps between words. .

[…] lolling over       that bus seat          shouting

it’s a London thing.                                  He is obviously a knob
but a happy one            and that                        it seems to me
is the important         though not localizable                      thing.

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Girl with ridiculous earrings             why do you bother
to slap the boy        we all assume is your boyfriend
and is lolling over          that bus seat       shouting