From a 2006 interview with Pete in Amp magazine:
Are there any songs on the record that mean something special to you? 'I've Got A Dark Alley And A Bad Idea That Says You Should Shut Your Mouth' is a song that is just extremely personal to me. I don't know why but I get chills when I think about that song. It just means more to me than any other song on the record—I think it's a little too personal. I don't think we'll play it live, ever.
Never? No, We never played it live, I don’t know when we will. It’s ended up being a lot more personal than it really should.
It is one of my favorite FOB songs