I remember a reference from Jon about when he and Billy Falcon wrote it, I think Falcon grew up in some place that's famous for being right on the water too.

I know Jon also stated earlier in the tour, from the stage, that the song was about the attitude of people who grow up near a shoreline. I can't remember where the gig was but he was basically saying 'you guys know what I mean,' because this town was similar to Jersey, in that respect.