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Memphis – In The Cinema Alone Lyrics 19 years ago
I think gutentagsum41 has it pretty well right Ill just translate one of the versus

"There’s nothing left to see in the final reel
I haven’t seen the movie but I know the play"

I think there are two possibilities here:
1. He's talking about one of her relationships thats gone wrong, not with him, saying that there is nothing left in this relationship her, and "I havent seen the movie but I know the play" is a great way of saying I may not have seen this paticular case but I know the general story or how it ends up

2. He's talking about his relationship, saying there's nothing left for them, basically the same as the first one but refering to him

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