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We Were Promised Jetpacks – Moving Clocks Run Slow Lyrics 15 years ago
I think the general concept of the theory may be alluded to, but I don't think that it's the primary issue that the author is bringing up. I interpret this song to be mostly about feeling one's own mortality, or a sort of resigned ode to life moving too fast, heading towards death. In other words, "looking towards the light," is about staring at one's eventual death, which makes him tongue-tied/cross-eyed. Additionally, I interpret midnight as the final hour, or the end of one's life. Going a bit further, I interpret lines like "You take a little bit of me, and I take a little bit of you" to be talking about how he takes his time, while time takes him...time is slowly "winning him over" as the hours of his life go by idly.

Also, on an up note, I think it's possible that there's meant to be a romantic parallel being drawn here.
The "moving hands" and "we're locked out" lines seem to suggest that there's another person in this predicament, but I never fully got that.

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