Your hat strategically dipped below one eye,
Your scarlet, it was Africa.
You had one eye on the mirror as you watched yourself go-o hot.

The story:

Just now, in this Web site. Up until now I thought she singing about arrogant rich guy who takes black prostitutes ("scarlet women?") to parties so he can watch himself in mirrors.
I really like this song but never had the nerve (or the voice) to sing it in front of anyone.