The short song is about being on drugs, getting wasted
The refrain
We were born to be wasted
is reflected in the last two lines
Ain't worth livin'
If you can't get your kicks
kicks = have fun and often means taking a recreational drug of choice
The song is referring to many things happening in the world and around the listener
Mind on fire means having one's mind in an altered state of consciousness, possibly thinking too fast, or having too many thoughts at once. These states are usually drug induced
It may be an allusion to Born To Be Wild by Steppenwolf where there is a similar listing of things happening around the listener.