Sorry if this is a really obvious interpetation, but could the song mean something about the singer being in a relationship with someone when he'd prefer to be with someone else? Like, the "Why should I have to wait; I'll just look the other way" part could mean why should he wait for the person he really wants? He'll have sex with the person he's with and pretend it's the other person by looking the other way. And the "When all these dreams have come to end; You wish you were, you're not my friend" could be him saying to whoever he's with that, regardless of what they think or dream, he doesn't really like them. Of course, that doesn't work for all the lines...
Sorry if this is a really obvious interpetation, but could the song mean something about the singer being in a relationship with someone when he'd prefer to be with someone else? Like, the "Why should I have to wait; I'll just look the other way" part could mean why should he wait for the person he really wants? He'll have sex with the person he's with and pretend it's the other person by looking the other way. And the "When all these dreams have come to end; You wish you were, you're not my friend" could be him saying to whoever he's with that, regardless of what they think or dream, he doesn't really like them. Of course, that doesn't work for all the lines...