"You'll Be Standing When the Music Stops"
I'm guessing this line is a pretty straightforward reference to the game of Musical Chairs (and the occasional random targets of drones)? YoungWilliam 19:59, 9 March 2013 (EST)
*He'll* be standing when the music stops
I think this might be a reference to an assassination during some celebration. The target is expected to be standing after the music stops and everyone stops dancing. This is potentially backed up by the following lyrics: "We're not worrying about the optics"
"And there’s another one And his dumb son"
I think this line is a reference to Robert Gibbs's statement after Abdulrahman al-Awlaki (a teenager who was the son of Anwar al-Awlaki, but had no other connection to terrorism) was killed by a drone strike that he "should have had a more responsible father."
Santa Claus references
If you analyze the song differently, it seems like it could be about Santa Claus. A holiday for secret cops: Santa is sort of a cop because he monitors children, and of course the holiday part is because he's a holiday icon. Dropping presents from the helicopter: literally drops presents from a flying vehicle. It's been a long year: works all year making toys. We've been so far from home: travels all over the world. We take the best of it and make a mess of it: Santa is the embodiment of the giving spirit, but is used too much in commercial overkill. Ripping up some lawn and then we're gone: what his sleigh does when there's no snow. A thousand miles from day or night: travels at midnight. The story will remain unwritten: Nobody knows how Santa does impossible things. Before we make you gone, you'd best be running on: doesn't bring presents to kids unless they are asleep. Hey, there's a spot we missed, I see a Communist: refuses to give presents to naughty kids. Little vials filled with knock-out drops: represents the coal for naughty kids. A story told before rewriting: many different versions of Santa in the media. There's a passport here, but it could disappear: flies around the world with no evidence of permission. We'll sing our special song: several songs written about him. So yeah, this song is about Santa portrayed like the military.