I know I'm really liking the song more now that I've heard it on the Box Set. The TLFR Live version just didn't honestly do anything for me. I find myself more easily being able to get an idea of what they'll do with it all plugged in, the vocals beefed up and more dramatic. Just think of everything they did with the known songs on TLFR. Now imagine Last Man Standing as already existing before this album and it getting the TLFR treatment. That's exactly what the deal is..except it's in reverse.

Take your seats, now folks - it's showtime
Hey, Patrick, hit the lights
There's something in the air, there's magic in the night
Now here's the band, the really play
I'll count the first one in
I don't know where it's going
We all know where it's been

I'll bet after this verse the band will go into an instrumental jam building back to the chorus. It makes sense within the song to show off what a real band does.