Here are some notable interpretations of the lyrics:
1. Unconventional Relationship Dynamics: Some interpret the song as portraying the man's desire for a woman trapped in a potentially unhappy marriage because their "man has left her all alone." This suggests an illicit or secretive affair.
2. Lust over Love: The man sings how the woman drives him wild when her "dress rides up." Here, desire trumps any genuine or lasting feelings like love.
3. Metaphorical Car Imagery: Besides representing the pursuit of the desired lady, "Little Red Corvette" could symbolize passion, energy, and thrill-seeking in general.
4. Prince's Sexual Persona: In the larger context of Prince's musical persona, many see it as the exploration of sensual exploration without boundaries, where a "red corvett[e]" might be associated with pleasure.
As with many art forms, interpreting a song’s meaning can be individual and varied – but the central ideas often involve love, lust, and pursuing desires.