"When you dressed up sharp, and you felt alright" differs from the sword of Damocles lyric "I'm dressed up with no place to go". It would make sense as they both share a half of the same brain.
"Doesn't seem the same since cosmic light" may be a reference to when he first met the Transylvanian
This is all a love song to Columbia which visibly angers Frank as the attention isn't on him anymore.
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Rocky Horror Picture Show theories (complete)
Non-FictionI put most songs in the Rocky Horror Picture Show under the microscope for us to understand the intent of Richard O'Brien.