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.
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