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Arcade Fire – Ready to Start Lyrics 15 years ago
I think the 2nd verse is actually

"All the kids have always known
that the emperor wears no clothes
but they bow down to him anyway
it's better than being alone"

No clothes rather than new clothes, as I think its a pretty blatant reference to the fable of the emperors new clothes, so i guess it could be new or no, but it really sounds like 'no'

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