Lyric discussion by songsongsong 

I think this is about a person who is in love with a depressed girl. The girl is talking about how much she hates herself and how her life is falling apart, but the narrator fails to realise this (and also concentrates more on how they feel about her, not how she feels about herself). I think the style of the lyrics is very typical of Jens Lekman; while the narrator sounds somewhat humoristically naive (thinking that she is talking about the band when she's talking about "the fall"), it is yet very honest and human (mishearing, seeing things from a slightly different perspective than the other).

"The Fall" is likely a reference to the Camus novel by the same name. This might support your theory, however, as, although I've never read any Camus, I've noticed his work is often loved by brooding, depressed, young intellectuals.

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