Actually you're wrong, it means Babylon as Earth defiled by sin--as it is today. We act as evil kings, reveling in our filth and drunkenness, and the harlot represents all the sins of today. Besides, demons don't live in Hell. That's stupid and naive, incongruous with theology. They live here. The bible calls them the kings of earth, and Satan the "...god of this system of things". He also offered Jesus all the kingdoms of the world--and could he have if they were not his to offer? In any case, this is not a religious song. Ax7 is not a Christian band, they just know that some damn good inspiration comes from the Bible. They said so.