I think there is a huge hidden message in this song. The song's name gives off a huge hint "Our Lawyer made us change the name of this song so we wouldn't get SUED!" that tells us something right there. I think that the name of the song would have been reffering to a specific band, or Music industry.

Brothers and sisters put this record down
Take my advice ('cause we are bad news)
We will leave you high and dry
It's not worth the hearing you'll lose

I hink that they are talking about as if they were the band, and are not reffering to themselves, FOB.

It's just past 8 and I'm feeling young and reckless
The ribbon on my wrist says, "Do not open before Christmas."

This makes me think that the band is singing of God. 8 in the morning is around time of church, and "Do not open before christmas" is like saying they sell their music at Christmas.

We're only liars, but we're the best (we're the best)
We're only good for the latest trend
We're only good cause you can have almost famous friends
Besides, we've got such good fashion sense

This also makes me think that they are reffering to a band singing about religon, because they could be liars, and not really believe in that religon. They could only be singing because it's the latest trend.

Brothers and sisters, yeah, put these words down
Into your notebook (spit lines like these)
We're friends when you're on your knees
Make them dance like we were shooting their feet

They could be preaching religous things to make people believe them, take note of them. "We're only friends when you're on your knees" is like, they will only like you if you bow down to them. and as for the dancing....maybe they influence the music industry/population of people greatly. So, if this is correct, who are these mystery people?