Lyric discussion by catchandrelease 

I can't believe nobody's gotten it yet. And, hello guys, a song can have multiple meanins at once. So yes, it's about the music industry, I see that. It's ALSO definitely about an anxiety attack. But put the pieces together, and you get a song that's about a guy's anxiety towards being an individual. This song is about how everyone's becoming the same, not just the music industry, but society in general. The "speaker" in this song is panicking because he feels like he needs to conform, but really doesn't want to. He values his individuality and is freaking out about how to keep it.

AND THE CHORUS IS WRONG.AH. "Do you see yourself in a crowded room?
Do your fingers itch? Are you pistol-whipped?
Do you step in line, or release the glitch?
Can you fall asleep with a panic switch?"

The meaning:

among all of the clones, do you stand out? are you like me, dying to be allowed to be yourself? so are you going to be a clone, or release the glitch and be yourself? can you fall asleep knowing this? (referring to his extreme anxiety)

I forgot to add: the panic switch is a panic attack. It can go off anywhere, anytime. So in one sentence, the song is about whether to fall in line with everyone else and be normal, or be yourself and succumb to the panic attacks.

Winner, catchanrelease

Although at that point it seems more like a crisis of identity

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