Lyric discussion by tenserock 

I'm pretty sure that in this song what we are waiting for is not love but it is instead death. We are with our lover waiting to miss him/her. I think Isaac likes to play around with this, writing something that can conventionally be taken in another way but really inverting it and making it negative (see the lyrics to Gravity Rides Everything as another example of this, also a song about death).

Expanding on the connection to Gravity Rides Everything, there are several lyrics that match up quite well. Right off the bat you've got a reference to motels:

Oh, got to see, got to know right now What's that writing on your shelf In the bathrooms and the bad motels

and slightly later you have this pair of lines that are repeated, with some changes:

When we die, some sink and some lay But at least I don't see you float away

Which I think lines up beautifully with the lines in this song:

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