From what I have heard, it is about Metallica's (particually Lars Ulrich), fight with Napster and all the crap the got because of it. Its sort of the "Screw you. you can hate us as much as you like, but we are not going anywhere". The lines "Shoot me again, I ain't dead yet" pretty much mean that.
Metallicas last album was Death Magnetic.
California
shoot realod... then shoot again,
Look on: Metontour.com
Priceless
Nothing happed to Lars.
JasonNewsted
Jason newsted
Reload.
Metallica had a theme song?
is strange but: Elektra and Vertigo
Ron McGoveny