Jim Steinman, the song's writer, knew people would have a hard time understanding what 'that' meant based on the song's construction. You're team loaf, I'm team Steinman. Is what it is.
Jim Steinman, who wrote the song, thought fans might be stumped by the refrain - which he had actually recycled from the Bonnie Tyler song Getting So Excited.
"When we were recording it, Jim brings up the thing - he says, 'People aren't gonna know what that is,'" Meat Loaf recalled in 2014.
"I said, 'Of course they are. How can they not know?' He goes, 'They're not gonna.'"
Steinman was proved right.
Linky.