Lyric discussion by Galt2112 

"Pulling back from the precipice. Feel so small now, stars shine bright above." He has decided not to end his life or make some big mistake. Now he feels small in the light from the stars and the size of the universe.

"Don't know why, receive a better life for a song." Why should he receive a better life than others just for making music?

"Can't but try, other leads apply" I don't know, he can't help but try as other careers apply for his attention.

"Lookin' up at tragic rush on underground" People are trying to reach inside of themselves and are failing.

"Birds will turn and fly. Don't know why. Passin' through the day, only child." Some people (the birds) can turn and fly away without looking inside of themselves, passing the day like children with no purpose.

"Breathe a sigh, other leads apply" Maybe, he's happy he has a purpose in music and/or he is happy he is not stuck with music, other leads apply.

"Rainin' all day, trying to reach you. Feel so helpless, can't stop counting time" He is trying to reach the purpose within himself. He feels hopeless and cannot stop noting how long he has failed.

I think the lighter voice is the personification of his purpose speaking to him. I wish I could understand exactly what she is saying but the voice is too deeply buried.

(But in time)" Don't know why (Warning, something) Hands above are stealing my heart (Poison) Graceful dives (Rain down from) Other leads apply (the sky)

The voice is telling him that poison rains down from the sky above, i.e. outside influences will change him and ruin his chance at finding her (his purpose). He says that he doesn't know why other forces must come in to steal his heart. He takes graceful dives inside his persona but other purposes continue to apply.

Basically, he has a significant other (like a wife), his purpose who is there but he cannot find her. He tries to reach her but false leads mess him up. He must search inside for her because outside forces will lead him astray.

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