Lyric discussion by ye-interpreter 

Cover art for No Better Place lyrics by Fountains of Wayne

The character portrayed by this song lives in New York, with his girlfriend, who's planning on leaving. He's very upset about this, and first attempt is to convince her that leaving is a bad idea. When he sees this isn't working, he feels like she's already fading away, and so he resorts to alchohol to drow his troubles.