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Rock n' Roll Doggie Band-aid
So what does this song really mean? Does it actually just mean that it's about what the title is? that would seem a little too stupid...
Bill Flanagan's theory (in U2 At the End of the World) is that it's about Paul McGuinness....
Considering that U2 was in full tour-headspace when they made Zooropa, I think there's something in that. Fits in with the dependence thing anyway...
I've always thought that Bono was thinking about the Screwtape Letters, the book by C.S. Lewis, when he wrote it.
The devil is mocking the Christian man, who believes that God will forgive his sins, no matter what he does. The devil's claim is, that you can just go ahead and sin (the crashed car), God will 'pay' for it. The devil is actually trying to promote sin in the Christian human being. He's mocking Christianity, really.
In turn Bono is mocking the devil in the way he sings it and by dressing as him on stage.