Lyric discussion by LittleBabyNothing 

Cover art for Ready For Drowning lyrics by Manic Street Preachers

The last line - So where are we going we're not waving we are drowning is based on a line from a poem by Stevie Smith:

Nobody heard him, the dead man, But still he lay moaning: I was much further out than you thought And not waving but drowning

Poor chap, he always loved larking And now he's dead It must have been too cold for him his heart gave way, They said.

Oh, no no no, it was too cold always (Still the dead one lay moaning) I was much too far out all my life And not waving but drowning.