Falling Far Behind Lyrics
Drawing through my breath
And i am hearing every word you said
All these distractions
Everything i know
Here i stand now
Nothing left to show
Falling fast and falling far behind
Wasted thoughts instead
Circle everything
Cycle in my head

How could no one of commented on this song?! This is by far my favorite song by The Junior Varsity. I think this song is about how it's hard for him to talk to a girl he has feelings for:
Sentimental whispers Drawing through my breath And i am hearing every word you said All these distractions Everything i know Here i stand now Nothing left to show
She's telling him how she feels about him, and he hears her. But, all the thoughts in his head are distracting him from saying exactly how he feels for her. So he's standing there "(with) Nothing left to show"
I am waiting, waiting on the line Falling fast and falling far behind
This could either be the girl's or his point of view: The girl is "waiting on the line" of knowing wether he feels the same, and since he's lost for words, and not showing much emotion, she's "falling fast..." from how she felt before. It could also go for the boy though, too. He is "waiting on the line" of himself. He's trying to pass that line, and tell her how he really feels, but he can't keep up with the 'race' and he's "falling...behind," because she may never know how he really feels, and if he doesn't tell her now, she could be gone forever.
Now i have these Wasted thoughts instead Circle everything Cycle in my head
This seems to be his thoughts after the event. (or him thinking what will happen after if he can't tell her.) Wether he told her how he felt, or not, it still seems as though it didn't come out right. So, now he has "these wasted thoughts instead (of what he meant to have said)" And they keep replaying in his mind, like the cycle of a circle that never ends.
I hope that all makes sense..