Backstreets meaning of this line

It must be about Little Steven.


Actually, when he says "Valentino Drag" I think of the silk shirts we wore unbuttoned at the disco in the 70s.

I think of shemales.

This line reminds me of a line in Rod Stewart's "I Was Only Joking"

"Me and the boys thought we had it sussed,
Valentino's all of us,
My Dad said we looked ridiculous,
But boy we broke some hearts"

I always thought the Springsteen line was kind of a similar feeling. As if they hung out in endless Juke Joints, dressed up like heartbreakers....