Yes it means
I'm in love again
Had no lovin' since you know when
You know I love you yes I do and I'm saving all my lovin' just for you
Need your lovin' and I need it bad just like a dog when he's goin' mad
Hooee baby hooee baby won't you give your love to me
Eeny meeny and miney mo told me you didn't want me 'round no more
Hooee baby hooee baby won't you let your dog bite me

Yes it means
I'm in love again
Had no lovin' since you know when
You know I love you yes I do and I'm saving all my lovin' just for you
Eeny meeny and miney mo told me you didn't want me 'round no more
Hooee baby hooee baby won't you let your dog bite me