I figured Gavin and the guys must be into Buddhism, and that schlossy (or schlosse), was some Zen god who wanted them to give up their wild lifestyle-- hence the "schlossy wants my wild eye." Listen to the song and see if it doesn't sound like,"schlossy wants my wild eye." I had to listen over and over once I knew the lyrics, and still can't believe he's saying, "Try to see it once my way!!!"