Lyric discussion by Miscellaneous 

Cover art for Rope lyrics by 40 Below Summer

I agree, it has suicidal connatations. Yet its more about the self-destructive pattern leading up the thoughts of suicide.

I get the impression that he's saying "Right, theres nothing to live for. Life is hollow and empty, and everything that to which I attached meaning is 'just a pile of worthlessness' when you look more closely'. So I might as well just kill myself and take you with me".

Sounds like what an angsty teenager would be thinking before he shoots up hip school.

Cheer up emo kids. :D