What does the Franz Ferdinand song Jeremy Fraser supposed to mean?

Official site quote:
"The song itself is based on Nick's childhood in Germany where Jeremy Fraser was the name of a character in an English textbook. Nick's friend apparently detested the character, so over 20 years on, he's hunted down by an arrow or "a lance of silver" if you will."

franzferdinand.org/lyrics/jeremyfraser.htm [no longer exists]