Lyric discussion by planetearth 

I agree with Dfeeds.

To expand on that, I think the relationship came to an end and he's coming to grips with the reality of the situation. A part of him wants to believe in "fairy tales" however he is much too jaded for that now. It just won't work, as she "thinks it's too late to make it". He wants to have a go at it for one last try but it is unfortunately in vain. She wants nothing to do with him. He gave her everything and lost himself, while she moved on. He wishes she cared, even though he said he doesn't. He stills seems to be stuck and in disbelief that she really is done.

The payphone is a metaphor for reaching people he cares about. People that will help him out of this mess. It reminds me of not knowing anyone where he is, and having relied on his partner for his emotional connections. It could metaphorically mean his past self before all this drama dragged him down. He needs to get in touch with the past to let go of his present situation. He is unable to, as he wasted all of his time and energy on this girl. The song relates a lot of wasted time. He is left destitute with only questions of why and bittersweet memories.

Calling from a payphone also is a signal of distress and emergency in this day and age. Adam has said this about the song. For example if you called a loved one from a payphone, you'd probably be stranded somewhere and not just calling to say "hey". Finding one might be the hardest part though.

I agree with you. I'd like also to point out the words he uses to express value.

Pay phone/ Change / Spent / Wasted. All of them sounds like he propably invest on a romance that wasn't worthy

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