Lyric discussion by eveninthelaunderette 

I thought the lines:

"We don't have to be stars exploding in the night Or electric eels under the covers We don't have to be anything quite so unreal Let's just be lovers"

were more about how he doesnt want to make any grand romantic gestures or shows: "stars exploding in the night" or to have an amazing sex life: "electrc eels under the covers" he just wants someone to love: "Let's just be lovers"

I kind of interpreted "We don't have to be stars exploding in the night Or electric eels under the covers We don't have to be anything quite so unreal Let's just be lovers" as a realistic view of what the narrator thinks "love" is, that things didn't have to be over-romanticized, it could just be a simple, but very apparent and a very real relationship. But this may just be me being biased and trying to make this song more romantic in my head, as I oftentimes do. :)

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