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Pepper Rabbit – Older Brother Lyrics 13 years ago
The first line is actually "We both sat, on our beds, in the room," no ownership of the room and two beds means its probably in a hotel. Pink Powder could refer to amphetamines, which can be pink. Don't think the characters in the song did anything too wrong as one makes it out of that room, unfortunately a tough life catches up with the other and he overdoses. They probably talked about suicide and that's why the survivor is OK with everything.
I like the "everyone's a hundred grand" line. I like to think it was their little joke about how the only thing their friends care about is making a hundred grand, but they were positive there was something better out there.
I had to listen to this song 100 times in a row just to get bored of it and stop crying. Some exec at McDonald's has huge stones for running this song with that ad, but it works.

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