The likes of me abide

hello,

In this sentence, coming from a song of Abba (The winner takes it all),
"The judges will decide, the likes of me abide":
1) Does "the likes" mean "people like me"?
2) Does "abide" mean "bear, endure, accept".
3) Could we express this sentence by:
"people like me must accept(the decision of the judges)"?

Thank you for your help.
Have a good day.