It doesn't matter to much to whom he's referring to exactly, I think ("tossing your hear" can't be about Alan, that's for sure
). If it is a slap in the face – and yes, it is! - then it's a slap in the face of the whole concept of tribute bands and the sad sort of people who are ready to participate in it for money. I always thought tribute acts were a silly thing (if you have any musical talent, then come on, us it to create something new), and they're particularly ridiculous when done by people who were part of the real thing, and could easily make a living as studio musicians, or whatever. It's just a very, very, very ... uncool thing to do. So as far as I'm concerned, that slap is well deserved, by whoever it may concern.
How anyone - Alan, Phil or others - can seriously consider repeating their "tribute" tours after hearing this song is beyond me. I can hardly believe it will happen. I mean, HOW embarassing would that be? If it really happens, I'll go to one of the shows and hold up a sign asking for "Terminal of Tribute to"