Translation:
"I suck and can't find a band to join. If you suck too, maybe you'll suck worse than me and I'll feel better about myself. We can hang out together and pretend that we don't suck. If nothing else, we can at least tell people that we're in a band, and maybe chicks will like us."
Kidding. There's plenty of bands that DO suck AND make tons of money. Maybe this guy will be next.