Now I'm something like the chemist on campus
But there's no drug around, quite like what I found in you
Like how a chemist in his laboratory/institution mixing and matching chemicals trying to find the perfect blend, Frank is experimenting with different women (and possibly experimenting with different drugs) so that he can to find something of higher stature…
In the end, neither can find the perfect “solution”.
“Chemist on campus” is also slang for a drug dealer
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