Doug Gillard comments on the track from Consequence of Sound's Track By Track feature:
The woeful tale of a retired pro wrestler "still standing in the spotlight as the broken monitor prevails". What we hear is Bob's demo (vocals and acoustic) with our playing on top of it. There is a spirited ending complete with crowd sounds sourced from actual matches.
CoS article link: https://consequenceofsound.net/2019/10/guided-by-voices-track-by-track-sweating-the-plague-stream/