I heard it over the PA system in a cafe where I stopped for a cup of tea on my way to my part-time gig. Two young guys were working behind the counter. One of them nudged the other: "Yo, ya hear this song?"
"It's about a cross-dresser!"
His nomenclature may or may not be accurate. Some think that "Lola" is a pre-op trans woman. How would we know, just listening to the song?
But I couldn't help but to wonder how many times that young man heard the song before it occured to him that it's about a guy's encounter with a girl who turns out to be a guy. I've heard other people say they heard the song for years before they actually listened to the lyrics. They can be forgiven: The song has a catchy tune and opens with some pretty good guitar work.
What's interesting about the song is that, near the end, the narrator says "But when I looked in her eyes, I almost fell for my Lola." But, in the end, he avers, "Well I'm not the world's most masculine man/But I know what I am and I'm a glad I'm a man/And so is Lola."
Given that the song was released in 1970, it's amazing that there's anything at all about a cross-dresser or a trans woman. Still, it's hard not to notice that the narrator goes, in the space of a stanza, from an almost-tolerant attitude to one who doth protest too much, perhaps.