Lyric discussion by graviton 

NAlmost this entire album is about romantic relationships and breakups, so I think that the song is indeed about a breakup, or at least, one specific aspect of one.

You know how when you are in a long term relationships there are all these moments that you share that are just between you two and no one else? They seem so important and fundamental to shaping your personality and identity. But after you break up with that person, you have no one to talk about those memories with. No one else can really understand how those moments felt at the time, or what they meant, except the two of you. In fact no one else would ever really care. And now, without that person in your life, there's nothing to those moments but your own memories. Without the ability to ever again talk about those moments with someone who truly understands their personal meaning they loose some of their substance: as if they "never really happened", like they are just "smoke".

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