Lyric discussion by Alaceo 

adisk- Shabutie is a band Claudio used to be in and eventually was changed into Coheed and Cambria I think with a few member changes.

I think Three Evils is about Coheed's last moments as even partially himself. I'm not sure who's standpoint it is told from, whether from Claudio, Inferno, or Coheed himself (I am going with Coheed at this point except with the "crossing the interstate walking away I'll fire on" that throws me off) But anyway, I think it is primarily telling of Coheed after the Monstar has almost completely taken over him. He is struggling to keep control but is failing and knows what has to be done and wishes for his friends/family to kill him/the Monstar because not only does it hold the ability to fix the universe/Keywork, but it can also destroy everything. So far he has done a lot of murdering and ruthless killing and what is left of his own mind feels horrible regret for it and wishes for himself to be killed to stop the Monstar. "dear my friends in the time we've spent forever after beyond this when will our nightmare ever end?" that line backs up a lot of that theory. He is trying to convince them to not think twice about being able to restore him to his normal self and the only way to rid themselves of the Monstar is to kill him. And with Cambria and 3 of his 4 children being dead (I can't remember if he knows it at this point) he doesn't really have a reason to be alive. Again, this is only my theory on the storyline.

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