Its a creative idea, @photon, but i feel that you could have done better on the bridge between:-

How did it get this bad?"...

and

Weeoo weeoo weeoo

In the Weeoo weeoo weeoo part, you are taking us back to the present, namely where Fred is with friends from the underworld. The how did it get this bad... part was to tell us just that How things got bad for Fred, and you did that well.

It is in rejoining the first scene where Fred is with his friends drinking so that the police come Weeoo weeoo weeoo that i feel you could have done better.

Cheers!