Lyric discussion by gregisgreg 

Cover art for Katy Song lyrics by Red House Painters

yea. this guy knows how to write one amazingly dperessing song. i love it. it seems pretty straight forward. he loves a girl but he has so many issues she cant really stay with him. but it hurts him bad for her to leave. but she is leaving him and he doesnt know if he can handle it.

I think you summed it up perfectly.