This song is about Michigan; Anthony Kiedis' home state. The line, "Lions and tigers come running just to steal your luck" refers to the Detroit Lions football team and the Detroit Tigers baseball team, and how almost every year they do very poorly.
More lyrical analysis:
"A mitten full of fisherman" - Because of its surroundings being the Great Lakes, many fisherman either live or vacation in Michigan. The "mitten" is a reference to the shape of the state of Michigan.
"A rainy Lithuanian is dancing like an Indian" - Anthony Kiedis' grandfather was from Lithuania, and his grandmother had some Indian heritage from the Mahican tribe. The Lithuanian is rainy because of the rain-filled climate of Lithuania, and is dancing like an Indian, because he is married to an Indian. Anthony Kiedis has mentioned his Indian heritage many times.
Omar Rodriguez-Lopez of The Mars Volta makes a guest appearance on this song, playing the guitar solo. RHCP's Flea and John Frusciante have been featured on Mars Volta songs in the past.
This was originally just going to be left off of the album, and just be a B-side.
Bert - Pueblo, NM, for all above
The recording process was much more relaxed compared to their tension-fraught sessions of the past, when the band members couldn't leave their egos checked at the door. "Everybody was in a good mood," Kiedis told MTV News. "There was very little tension, very little anxiety, very little weirdness going on and every day we showed up to this funky room in the Valley, and everyone felt more comfortable than ever bringing in their ideas."
The Peppers' determination to play nice paid off with Stadium Arcadium. Not only was it their first #1 album, but it also earned them a boatload of Grammys, including Best Rock Album.