It sounded to me like Liam was mumbling some lines and some of it was completely nonsensical ie 'I'll see everybody, in my own time' which suggest to me it wasn't finished. Liam is a first idea, best idea type of songwriter so the song and lyrics probably stayed the same and they never released it because it was so simple sounding. Either that or they did a rough demo once and after a long tour of drinking/drugs Liam forgot about it and lost the CD
It has got a great melody and chord structure though, it's a shame Liam's such a lazy bastard!
Are you all sure about the Dog? I remember Liam saying in Italy that Nicole was still a close friend with Sara MacDonald. Liam calls Noel RKID so maybe that "lady rdkid" is her?
I hate to admit that I know something like that, but Lady RKid is actually the cat. There was a sensational article once where Robbie William claimed that she had been his cat that had stayed with Nicole after they split.