Bohemian Rhapsody - an Exposition

Is this the real life ?
Is this just fantasy ?
Caught in a landslide
No escape from reality
Open your eyes
Look up to the skies and see
I'm just a poor boy, I need no sympathy
Because I'm easy come, easy go
A little high, little low
Anyway the wind blows, doesn't really matter to me, to me.

Questioning. Later on we find that the subject of the song has killed someone and is in, we assume, prison, waiting his court appearance. The opening stanza shows the state of mind of the person. They are questioning whether it is real or is it just a dream (shall I wake up?).

Caught in a landslide refers to the way one event can lead to another and so on until the instigator is overwhelmed - perhaps by the thoughts of the actions, perhaps which also lead to the final action.

There's no escape from reality - sleep is denied as it was Lady Macbeth 'Sleep no more, Macbeth has murdered sleep....Macbeth shall sleep no more."" (2.2.33...40), so he must not sleep but look toward heaven and see.

He is just a poor boy - needs and will get no sympathy for his actions. In the total scheme he is nothing: easy come and easy go. Nothing major, nothing planned. It doesn't matter what happens (wind blows) - as it no longer matters to him. He doesn't have the money to win - if you wish to be cynical about it all.