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Paul McCartney – Everybody Out There Lyrics 11 years ago
Well, first off, brilliant song; McCartney's still got it.
The line "there but for the grace of God go you and I" is a take on "there but for the grace of God go I," supposedly a statement made by John Bradford in the 16th century on humility and how someone else's misfortune could have been yours. Anyways, I see the song as somewhat straightforward encouragement to "do some good" on the planet as you have been, and could at any point, find yourself in difficult times and seeking help or simply kindness.
"We're the brightest objects in the sky," it seems to me, sort of indicates that he knows himself and the listener to be more capable of making a change than many. They have the power to be the light in the darkness, to draw people and guide them; and it's their responsibility to take on in in this life.

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