If you get this Longhair you get much of his early classics from the early 50's. For his later recordings "House Party New Orleans Style" is another winner.
The meaning of the lyrics to me is quite straightforward, it's two hard working guys dissing in their language the rich and the glorious pop stars earning money the easy way on MTV.
Thanks for the update! This is great to have available. More on Tatum:
http://papercuts.blogs.nytimes.com/2008/09/24/living-with-music-a-playlist-by-paul-berman/