La canción se considera la "carta de odio" escrita por Freddie Mercury de manera de ataque directo al mánager original de Queen Norman Sheffield, incorporando una gama de letras malintencionadas, puramente groseras y viciosas, y es descrito por Mercury como "tan vengativa que Brian se sentía mal al cantarla." Aunque la canción no hace ninguna referencia directa hacia él, Sheffield se horrorizó cuando escuchó la reproducción de la canción en Trident Studios en el lanzamiento del álbum, y demandó tanto a la banda como a la discográfica por difamación. Todo esto resultó en un acuerdo extrajudicial, revelando así al público su conexión con la canción.
You suck my blood like a leech You break the law and you breach Screw my brain till it hurts You've taken all my money - you still want more, Misguided old mule With your pigheaded rules With your narrow-minded cronies who are fools of the first division - Death on two legs - you're tearing me apart, Death on two legs You never had a heart of your own - Kill joy, Bad guy, Big talking, Small fry You're just an old barrow-boy Have you found a new toy to replace me, Can you face me - But now you can kiss my ass goodbye Feel good, are you satisfied Do you feel like suicide (I think you should) Is your conscience all right, Do you feel good - Feel good! Talk like a big business tycoon, But you're just a hot-air balloon, So no one gives you a damn, You're just an overgrown school-boy Let me tan your hide. A dog with disease, King of the 'sleaze' Put your money where your mouth is Mr. Know all, Was the fin on your back part of the deal...(shark!) Death on two legs You're tearing me apart Death on two legs - you never had a heart of your own, (You never did, right from the start) Insane, you should be put inside, you're a sewer-rat decaying in a cesspool of pride Should be made unemployed Then make yourself null-and-void, Make mee feel good I feel good.