The 29-year-old admitted that there is an element of truth to the title of the song, but says her real life romps within the industry didn't actually get her very far.
"You know, I have slept with a lot of guys in the industry, but none of them helped me get my record deals. Which is annoying," she said.
Del Rey also talked about covering the famous Nina Simone song "The Other Woman" on her album - telling a similar story about spending time with industry men.
"I had a long-term relationship for seven years with someone who was the head of a label and I felt like I was that change of routine. The people I was drawn to were already established, but they were probably looking for someone more on their level, age-wise. But I love the idea of wrapping up the record with a reference."
Del Rey recently caused controversy for stating "I wish I were dead already" in an interview with The Guardian. Her comments made their way back to late Nirvana rocker Kurt Cobain's daughter Francis Bean Cobain, who - considering her father's untimely demise - slammed Del Rey's supposed glamorization of early death.
"The good thing about catching so much grief from critics is that you literally do not f---ing care," Del Rey told Complex.
"It put me in a mind frame where I expect things not to go right, because they generally don't. But it's not a pessimistic place. The music is always good, in my opinion. That's what I expect now from my career, that the music is going to be great and the reaction's going to be f---ed up."