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Rainbow Kitten Surprise – Wasted Lyrics 3 years ago
Where as you could see this as the person being sung about is drunk off of the singer. I think it's more so about the one being sung to is wasted on the singer. I thinks the last lyrics sum it up pretty well. "And your boyfriend stands to wait all for you, drink up you're wasted on me.

Tldr: Its about a potential S/O that they'd up dragging down, rather than grow with.

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