http://www.whrc-wi.org/americanpie.htm

Some interprete the 'jester stole the kings thorny crown' as Buddy Holly knocked Elvis from the #1 spot on the English chart. Also, '8 miles high and falling fast' as the plane crash.

I remeber that Waylon Jennings gave up his seat. I didn't know he joked, that the plane would crash.
Tom