To me, this seems like just a play by play on Tracy's day in the life. I think the key to the meaning, however, is shown in the chorus. Though the first two lines are pretty ambiguous ("Everyday he got closer/He knew in his heart he was over") the second two lines have some substantial meaning for us all ("I'd love to stay here and be normal/But it was always overrated")
To me, this seems like just a play by play on Tracy's day in the life. I think the key to the meaning, however, is shown in the chorus. Though the first two lines are pretty ambiguous ("Everyday he got closer/He knew in his heart he was over") the second two lines have some substantial meaning for us all ("I'd love to stay here and be normal/But it was always overrated")