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Wild Child – Pillow Talk Lyrics 12 years ago
The couple singing have a pretty dysfunctional relationship, where they sleep in the same bad every night, but for some reason or another the guy will wake up and leave early in the morning.
"Pillow Talk" in the song is referring to the notes he leaves on the pillow in the morning, you know with some kind of excuse written on it: "early start at work, see you later' or 'woke up early, went to the gas station to buy cigarettes'
The song also talks about dreaming, as if the couple are in love deep down and dream of each other, but when they wake up, they fight and second guess the whole relationship.

then you can look at specific lyrics like:
"this pillow talk will wake me up, no matter what I'm dreaming" which could be the girl saying: no matter how wonderful you are in my dream, I will always wake up when you leave in the morning
or:
"if we fight we wake up lonely" could mean that if they fight before going to sleep, the guy won't leave a note and just leave like he was never there, hence the loneliness
or the chorus:
guy: "this pillow talk" him writing the note
girl: "don't wake make up" shows the girl is the one sleeping
guy: "my dream is done" he's woken up and she isn't like how she was in the dream. he just can't love her anymore ("wish I could still love you")
girl: "I'm still in love" kinda speaks for it'self
guy: "I know your fears" her fear of him leaving
girl: "just lying here" she's awake and watching him leave
guy: "I think I'll leave" again, really doesn't need explaining
girl: "please don't my dear" she's asking for him to be like he was while she was dreaming

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