So, complicated translation this time.
Also with a political tone <3 This song is still very accurate in Brazil's political situation. The sad part is that this song was released in the 80's and nothing has changed. Anyways.
*This makes way more sense in portuguese:
partido means political party, but also means broken, parted. So it's clear that Cazuza wasn't happy with the situation of brazilian political scenario at the time.
** People think he was mentioning a nightclub from São Paulo.
(source) The people who attended this club were the same who he had rebelled against some years before, and he is admitting he had lost his ideology.
*** Cazuza had AIDS.