What does Hotel California really mean?

"Hotel California" is the title track from the Eagles' album of the same name and was released as a single in February 1977. Writing credits for the song are shared by Don Felder (music), Don Henley, and Glenn Frey (lyrics). The Eagles' original recording of the song features Henley singing the lead vocals and concludes with an extended section of electric guitar interplay between Felder and Joe Walsh.

The song has been described as being "all about American decadence and burnout, too much money, corruption, drugs and arrogance; too little humility and heart." It has also been interpreted as an allegory about hedonism, self-destruction, and greed in the music industry of the late 1970s. Henley called it "our interpretation of the high life in Los Angeles", and later said: "It's basically a song about the dark underbelly of the American dream and about excess in America, which is something we knew a lot about.

But what is the true meaning of the song?