Lyric discussion by lazyhead 

To me, here is how I interpret the song. On one level, the speaker views himself as an artist (the director Pasolini) and his lover is like his work of art (Pasolini's film - Accattoni). 'I entered nothing and nothing entered me till you came with the key' can mean that he was apathetic and emotionally isolated. Nothing could affect him, until this person came along and opened him up. 'You did your best but...' is to say that this person did everything to get to him, and then just broke his heart. I think "you have killed me" is more metaphorical than literal. It is just a way of saying he is hurt so badly and yet he is still alive. In the second verse, he again compares himself to another director, saying that his lover will never be a heroine in his film, perhaps because this person has already left him, or because the lover is not worth of being praised. In the outtro, the speaker keeps saying that despite it all, he is willing to forgive his lover, implying that he wants this person to come back. It ends with the romantic desperation that Morrissey is known for.

With that being said, it is hard to overlook many of the homosexual hints in this song, such as the references to (not one but) two openly-gay directors, the obvious pun "entered" and the phallic symbol "the key". Therefore, it is possible that this said lover is indeed a man, although it does not change the meaning of the song or make it only about gay love. I can still see it as a generic love song and it is relatable to anyone.

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