William Shakespeare is on a cold streak (=a period of time when desired outcomes rarely seem to occur. Constant disappointment). He is writing for Philip Henslowe, owner of The Rose, a theatre whose doors are about to be closed by cruel creditors, but he has got a nasty case of writer's block. To tell the truth, he hasn't written much of anything recently. Thus, he finds himself in quite a bind (=in a difficult situation) when Henslowe, desperate to avoid another round of hot-coals-to-feet application, stakes The Rose’s good social background)
Now let's watch these videos in order to better understand and analyse the introductory Prologue of Romeo and Juliet as well as the famous "Balcony Scene" (Act 2, scene II).
You can also find some very useful material about Romeo and Juliet on the following webpages: