"Morrissey wrote a really gorgeous song for me. I'm crazy for that man. And he thinks I'm hip!"

Nancy Sinatra is revealing her affection for Morrissey, a singer-songwriter. She is clearly a fan of his work, as she is "crazy" for him and he thinks she is "hip". The quote suggests that Morrissey has actually composed a song particularly for Nancy Sinatra, which she finds "stunning". This might be translated as an indication of mutual respect in between the two artists, as Morrissey has put in the time to compose a tune for Nancy Sinatra, and she is clearly appreciative of his work. The quote also suggests that Nancy Sinatra is a fan of Morrissey's music, as she is "insane" for him and he thinks she is "hip". This could be translated as an indication of shared admiration in between the two artists, as Morrissey has actually made the effort to write a tune for Nancy Sinatra, and she is clearly appreciative of his work.