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The 1975 – The City Lyrics 11 years ago
Agree with most of that but disagree on your interpretation of "MD", I reckon this is short for MDMA a form of e.

"The next one's an MD
You'll be feeling just fine"

As you said I think that the person who's taken the drugs is having a bad experience and his friends are telling him after the next pill he'll feel alright.

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