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Fall Out Boy – Sugar, We're Goin Down Lyrics 12 years ago
Someone on one of the first few pages (I haven't read them all) said this was about an ex-girlfriend who told people that every song they wrote was about her. Using that premise, I can see how all the lyrics fit.

Am I more than you bargained for yet?

You started this battle but I'm going to raise it to a higher level. Is this what you had in mind?

I've been dying to tell you
Anything you want to hear
Because that's just who I am this week

You've told people I lied to you, telling you anything you wanted to hear just because I felt like it.

Lie in the grass
Next to the mausoleum

The grounds of a mausoleum are rarely well cared for. The grass is probably tall and uncut, just the kind of place where you'd find a snake. i.e. He's calling her a snake.

I'm just a notch in your bedpost
But you're just a line in a song

You tell people that I don't mean anything to you. I'm just a notch in your bedpost. Guess what, you're nothing but a line in my song.

Drop a heart and break a name

You're talking crap about us, trying to ruin our reputation.

We're always sleeping in
And sleeping for the wrong team

You've told people the band members are all lazy and don't do anything all day. Oh, and that we're gay.

We're going down, down
In an earlier round
And sugar, we're going down swinging

We had our time, our relationship ended early, but we're still taking swings at each other.

I'll be your number one with a bullet

I'm the number one thing in your life because you won't let it go.

A loaded God complex
Cock it and pull it

You think everything's about you. You're got a God complex and keep aiming it at us.

Is this more than you bargained for yet?

Is this song too much for you?

Oh, don't mind me
I'm watching you two from the closet
Wishing to be the friction in your jeans
Isn't it messed up
How I'm just dying to be him?

This is sarcasm. She thinks she's all that and he'd do anything to be with her again.

(Take aim at myself)
(Take back what you said)

This war is both of our faults.

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