Lyric discussion by mliem411 

The song has the narrator speaking to another person the "runaway" of the title. The narrator is mocking the "runaway" for running away from risks in life. It's an ironic way of advising someone NOT to "run away" from taking risks and making commitments.

The narrator relates to the subject of the song in that they both like things clearly laid out in black and white. But the subject is a chameleon and runs away when things are not black and white. "dreaming of black and white"= the subject is a dreamer, head in the clouds, wishing everything to be clearly laid out and simple. Narrator can relate to that, but thinks the subject is doing too much dreaming and not enough actual pursuing of what the subject wants.

the way narrator sees it, the subject runs away from problems, risks, or commitments, such as when money starts running low ("in the swing") or rather than pursue a crush ("don't beat around the bush"), or rather than commit to a relationship ("can't you wait") that might lead to love ("love don't come on a plate"). The narrator mocks the subject: go on, run away like you always do.

When he says "see chameleon lying there in the sun?" he's comparing the subject to the chameleon, i.e. narrator is saying to the subject: see that lizard? first its lying in the sun, trying to be all things for everyone but then suddenly it runs away rather than pursuing what it wants for itself. that's what you're like. go on, run runaway, like the chameleon.

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