Lyric discussion by susiestentor 

enigmatic. I think it's about a playboy who sees the 'one who got away' is now married. It's about fantasizing or trying to ignore the feelings memories.

He finds the 'one who got away' has a "fat diamond ring" and is shocked ("can't remember a damn thing.") He can't stop thinking about her and how she's married/engaged. The engagement looks perfect on the outside ("an ace in the hole"), but its meaningless. She still "wished for a sign" that this is the right thing. Maybe she still loves him even though she's marrying someone else.

He's used women before with his "marionette strings" and regretted it. One of those exes, a ("pasttime intimate friend") talks about how he doesn't even care about her. And he agrees. He just pushes away the memories of these relationships, denies them until he's no longer connected to reality.

It's oddly nostalgic, but still callous. Like he's saying, "I prefer my memories to your reality."

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