Ivanhoe is a pub and hostel in Vancouver (on Main Street as the song suggests). Song just seems like a celebration of a down to earth bar they could always rely on to be a good night.
[Verse 1]
We're sitting in the corner
Drinking nineteen dollar beer
Meatheads are walkin' over here
They're kickin' us out on the town
[Verse 2]
That's it, fuck the Cambie
And bouncers with tiny dicks
We're jumping on the 96
We're going to main street now!
[Chorus]
Pints of lager overflow
Way-hey, Ivanhoe!
It is the only place to go
Way-hey, Ivanhoe!
[Verse 3]
Now the crew's getting shitters
And I'm lit like a Christmas tree
Order two and they bring you three
You can't put a price on your health
[Verse 4]
'Cause the band is jumping
And the music fills the air
We're tripping right down the stairs
We're going to main street now
[Chorus]
Pints of lager overflow
Way-hey, Ivanhoe!
It is the only place to go
Way-hey, Ivanhoe!
I know, the city's down on her dreams
But we'll go out with a shanty and a scream
Ivanhoe!
[Verse 5]
Now the party's over
So we say our long goodbyes
Fall right out of paradise
They're kicking us out on the town
[Verse 6]
We don't look any further
When going out into the night
Robson's piss, Granville's shite
We're going to Main Street now
[Chorus]
Pints of lager overflow
Way-hey, Ivanhoe!
It is the only place to go
Way-hey, Ivanhoe!
I know this city's down on her dreams
But we'll go out with a shanty and a scream
Ivanhoe!