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Red Hot Chili Peppers – Magpies on Fire Lyrics 9 years ago
"Scarecrow's a liar
Spins a yarn and
no ones ever checked it out
to see if it was real
sold you the moon
and now its time to fall"

To me this part is pretty easy to understand as the songs is about himself as someone else mentioned before me, A.K explains this in his book Scar Tissue.
I dont know if this is a global thing or a british thing but the phrase "spinning a yarn" means telling a story of lies.

"Sold the moon" to me feels like he is saying that he was sold something that was already free.

"now its time to fall" the moon is mentioned in a lot of RHCP songs as something to set as a goal for example in scar tissue the song he sings "I'll make it to the moon if I have to crawl", So I think here he is talking about falling back down to earth after he saw the illusion.

all in all its like the
bird whos trapped alone inside your cage
love
what more do you want?
how much more can you take?
I love my mistakes
Ive been here before

this part has something I thought was very deep emotionally, "I love my mistakes, Ive been here before" Most times you hear a lyric saying I have been here before its about regrets, with this song A.K tells you he loves his mistakes, thats why he keeps repeating them.

I could be wrong but it is how I read RHCP music

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