Contest Featuring Human Beings, Guided By Voices

The lyrics on the lyrics site my widget uses are wrong. Here is my interpretation:

I drew a blank when Mr. Snake came back from the track.
The official effects of, the cake tossed into the lake
and he crossed that lake, with his overpaid army
of rats and snakes on whiskey ships,
when they arrived they were alive,
they were fools, breaking rules,
for the entry into the pleasure pools.

and let them be and thats the lesson,
for overworked, dreamer and his cronies on
mini tramps and motorbikes, in a contest featuring human beings,
and other less sprouts
and other less sprouts