I've always had this on a homemade tape I've had since highschool and never knew the song title. I always thought he was saying "We All Want .38s".
Anyone know if this is a movie reference or something?
Yes, the original lyric was written by Jerry or Doyle I think.
It refers to the film THX-1138 where people are all numbers and such. This also happens to have been George Luca's License plate. In the movie Star Wars - Princess Lei is kept in cell 138.
I like the Rollins/Glenn Whitman Live version of the song on Evilive best.