Lyric discussion by total_blam_blam 

"Sweetly reminiscent," one of my favorite tones. Any bitter feelings surrounding the breakup are gone and the character is simply admiring what great "grown-ups" he and his childhood sweetheart have turned out to be. Ideally he would like another chance with her ("hope after all these years it's the same address"). But if that doesn't work out he still takes comfort in the memory of who they were as a young couple (basement parties, all day rock & roll shows, etc.) and who they have each become. Letting his mind wander back in time and imagining a seeing her again is a nice respite from the work-a-day world ("my coffee's cold and I'm getting told I ought to get back to work...") The song is straightforward enough to not require interpretation, really, but it's such a perfect confection I had to comment.

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