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The Smashing Pumpkins – Czarina Lyrics 21 years ago
I think that this is a straightforward love song. The phrase "dusty tears" refers to Billy not crying because he's found love. "All I need is waiting for me there" means that he can simply go to his girlfriend and everything will be OK again, etc. etc.

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The Smashing Pumpkins – X.Y.U. Lyrics 21 years ago
I think the song is about Billy latching onto a girl who isn't mentally stable, and who really isn't a good girlfriend. He stays because he doesn't want to be lonely. He knows that he doesn't really feel for the girl, but still stays with her, possibly just for a companion, possibly out of sexual lust (He does say "I want to rape you"). Eventually the whole relationship blows up, and this song is the emotional outpouring fromt that.

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The Smashing Pumpkins – Where Boys Fear to Tread Lyrics 21 years ago
I agree with Geek UK's line by line interpretation, but I think that the song's overall meaning isn't limited to teenage relationships. I think that it refers to any relationship that lacks mutual devotion. Also, to me "get on the bomb" refers sarcastically to getting into a relationship which you know is going to blow up.

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