Elvis talked about the meaning behind this song on a VH1 Storytellers episode. It's about his first marriage, but he hid the fact when he recorded the song. What he REALLY had in mind with the chorus was a subtly but critically different verse:
Accidents will happen, I only hit and run,
I used to be your victim: Now you're not the only one.
So he was seeing himself as both victim and assailant in the relationship while acknowledging that his wife was not "the only one" for him anymore.
Elvis talked about the meaning behind this song on a VH1 Storytellers episode. It's about his first marriage, but he hid the fact when he recorded the song. What he REALLY had in mind with the chorus was a subtly but critically different verse: Accidents will happen, I only hit and run, I used to be your victim: Now you're not the only one.
So he was seeing himself as both victim and assailant in the relationship while acknowledging that his wife was not "the only one" for him anymore.