Punky's Dilemma by Simon & Garfunkel is a whimsical, introspective song that reflects the mundane yet complex nature of daily life and human consciousness. The lyrics portray a sense of disillusionment and longing for simplicity, incorporating elements of 1960s counterculture and social commentary. Themes include the contrast between societal expectations and personal desires, the banality of everyday routine, and the quest for meaning in a materialistic world. Notable moments include the references to breakfast as a metaphor for life's repetitiveness and the dream-like sequence that explores personal freedom versus societal constraints.