Lyric discussion by Doerr08 

the first verse I think its about being down in life, it could be after a relationship, or after losing someone close very recent (relative, friend, lover) the narrator is on a booze soaked night reminiscing on how life is now changed but it has not yet sunk in since the even just happened (changing so fast that it stays the same) life is starting to spin out of control (sit back and watch the ship sink) the narrator keeps trying to drink away the feeling (the hull and the bow and the smokestacks disappear as we watch it go down) he's comparing his life the sinking of a boat.

the second verse is when he's at his worse, he's almost at the point where he no longer wants to go on with life he's a {tad overdue) to be put out of his misery, his only wish is to see the light at the end of the tunnel (dreamed that I slept and actually dreamed)

the narrator realizes that he has people who he counts on, friends that will be his rock. he shows up looking for help hoping that this person/people have not forgot or given up on him and he passes out on their floor to sleep off the drunken night and realize that life will go on.

the main theme of this song, to me, is about the power of close friendship and the bonds that exist with you best friends will help you through anything

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