Yes it means
I'm in love again
I had no loving
Since you know when
You know I love you
Yes I do
And I'm saving all my loving
Honey, just for you
I need your loving
And I need it bad
Just like a dog
When he's going mad
Hoo-ee baby hoo-ee
Baby won't you give
Your love to me
Eeny meeny and miney mo
Told me don't want me
Around no more
Hoo-ee baby hoo-ee
Baby don't you let
Your dog bite me
Yes it's me
And I'm in love again
I had no loving
Since you know when
You know I love you
Yes I do
And I'm saving all my loving
Just for you
Eeny meeny and miney mo
Told me don't want me
Around no more
Hoo-ee baby hoo-ee
Baby don't you let
Your dog bite me