Gold-tipped Boots, Black Jacket & Tie lyrics

Im banered and bruised. I got lines I cant use.
My head wont deliver. well, Im sold down the river.
But Im turning again.
Yes, `n Im turning again.
Well, Im turning again.
And Im turning again.
Wearing gold-tipped boots, black jacket and tie.

Well, Ive been second to none:
This horse was ready to run.
Now Im has-been and used:
Disarmed and de-fused
But Im turning again.
And Im turning again.
Yes, `n Im turning again.
Im turning again.
Wearing gold-tipped boots, black jacket and tie.

Im egg over-easy
And Im washing-up squeezy.
Appliance for sale:
Fat wind in my sail
And Im turning again.
Yes, `n Im turning again.
Well, Im turning again.
Yes, `n Im turning again.
Wearing gold-tipped boots, black jacket and tie.
Well, Im turning again.

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What do you think is the meaning of Gold-tipped Boots, Black Jacket & Tie by Jethro Tull?