When I hear this song, this is what I think (and it could be totally off):
A kid, maybe sixteen or seventeen, has issues at home-- probably between his parents. This in turn affects him, and he feels he has to do something to help. He tries to figure it out, maybe he even seeks help but comes back empty handed. The kid is talented, though, and figures the only way he can really help is to get a job and "become the dream", as in, put his talent to use. (In this case, "the dream" is being a singer, an idolized career.)