He reuses the verse melody from the previous album's "Dirty Little Religion", the topics of the verses are all over the place, and he packs too many words into one line (goes to show...) and too few in another (it's pretty hard to find), and rhymes "Henley Regatta" with "Persona non grata", but gets away with it all as only he could.
Dancing in my underpants
I'm gonna run for government
I'm gonna form a covers band and all
And back there by the baby grand
Did Mr. Winter Wonderland say
"Come here, kid, we really need to talk"?
Bear with me, man, I lost my train of thought
I fantasize, I call it quits
I swim with the economists
And I get to the bottom of it for good
By the time reality hits
The chimes of freedom fell to bits
The shining city on the fritz
They come out of the cracks
Thirsty for blood
Just as the apocalypse finally gets prioritized
And you cried some of the hottest tears you ever cried
Multiplied by five
I suppose the singer must die
Singsong 'round the money tree
This stunning documentary
That no one else unfortunately saw
Such beautiful photography
It's worth it for the opening scene
I've been driving 'round listening to the score
Or maybe, I just imagined it all
I've played to quiet rooms like this before
Bear with me, man, I lost my train of thought
I'm gonna run for government
I'm gonna form a covers band and all
And back there by the baby grand
Did Mr. Winter Wonderland say
"Come here, kid, we really need to talk"?
Bear with me, man, I lost my train of thought
I fantasize, I call it quits
I swim with the economists
And I get to the bottom of it for good
By the time reality hits
The chimes of freedom fell to bits
The shining city on the fritz
They come out of the cracks
Thirsty for blood
Just as the apocalypse finally gets prioritized
And you cried some of the hottest tears you ever cried
Multiplied by five
I suppose the singer must die
Singsong 'round the money tree
This stunning documentary
That no one else unfortunately saw
Such beautiful photography
It's worth it for the opening scene
I've been driving 'round listening to the score
Or maybe, I just imagined it all
I've played to quiet rooms like this before
Bear with me, man, I lost my train of thought
Lyrics submitted by Mellow_Harsher
One Point Perspective Lyrics as written by Alex Turner
Lyrics © Sony/ATV Music Publishing LLC
Lyrics powered by LyricFind
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He certainly did earn that reputation.
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Like a lot of the other comments are saying, I think this mainly about voyeurism. If the song was about his girlfriend, then why would he use the word spy. If you are a spy it means you shouldn't be caught, that is kind of the whole point, and if you are a voyeur, the whole point of the pleasure you get from it, is the fact that the other people don't know you are watching them. See a bit of a connection there?
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There is still an amazing amount of hope and will in the lyrics; and the lyrics themselve rank and easy five. If only music was stronger it would be one of those great radio songs that you hear once a week 20 years after it was released. The imagery is almost tear-jerking ("City lights lay out before us", "Speeds so fast felt like I was drunk"), and the idea of starting from nothing and just driving and working and denigrating yourself for a chance at being just above poverty, then losing in the end is just painful and inspiring at the same time.
Only one meaning: Turner asks himself whether or not AM was even worth the while as a project? Five years he's been asking this of himself, and finally concluded that the singer must die. And yes, this is the best track of the whole "album".