Lyric discussion by syntfyd 

Childhood innocence! Steven is telling the younger ones to slow down and live the moment because life will blow you by. Don't push yourself into being and acting like an adult too fast ( ie smoking the cigar) and enjoy the innocence and each moment of discovering love. That first love is the one which opens up our minds to discovery and makes the strongest impact and can leave the deepest wound.

The part about smoking a cigar is actually a reference to "Have A Cigar" by Pink Floyd. :)

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