Lyric discussion by Momus 

Maybe it's about his rise to stardom. He goes from being this average guy with a talent for songwriting (the clown) to this semi-underground superstar (the hero) who seemingly can do no wrong.

"Eyes locked and shining" sounds like some fan looking at him with this unconditional adoration, and him having no clue of why he should be so deserving of some strangers awe.

The final repeated line is a sarcastic lament. Why would you want another, and perhaps more real life when you're finally living in the world you thought you dreamed of.

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