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Panic! at the Disco – This Is Gospel Lyrics 12 years ago
I strongly believe that this song is about a break up. The "fallen ones" are the ones who just got broken up with. They are "assembling their philosophies from pieces of broken memories". So they are try to figure out what to do now that they are broken up. "They haven't seen the best of us yet" means they are better off apart. "If you love me let me go" means it is time to get over your feelings for that person. The "words leaving scars" are the actual break up, hence "the fear of falling apart". "Truth be told I never was yours" is realizing that the relationship wasn't based on supporting each other, or being each others. So this song is for the "vagabonds" or wanderers, which means the people who went through the break up. The "ne're-do-wells and insufferable bastards" are how people feel when they break up. "Confessing their apostasies" is finally leaving behind that disaster of a religion or in this case relationship. Now they are trying to find themselves again among the "imperfect impostors"."Don't try and sleep through the end of the world
and bury me alive" this sums up how anyone feels after a break up.
"'cause I won't give up without a fight" again what happens just before the end of a relationship

Just my two cents and this song helped me through my break up!

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