Yep, a Faustian bargain with the Devil.
Actually, I thought about it some more.
Seems like some rich, powerful men made Travolta submit to their whims when he was young and vulnerable. Now he is rich and famous and he is going after young, relatively poor, males who likely remind him of himself when he was their age. In short, his real fantasy is to give what he received so long ago.
Pathetic and sick.