Lyric discussion by snakesss 

Cover art for Black Comedy lyrics by Bright Eyes

I interpreted it as an extended metaphor of a relationship as a movie. The two people involved were the actors trying to save the "black comedy" doing their best to make their words, or script I suppose, sound meaningful. But in the end, it was pointless, the movie was still terrible with its "predictable ending" and there was no way they could salvage the relationship. So now the two have met up again, but he still remembers their miserable former love, and acknowledges sarcastically, "Well I guess the past is good for a laugh" while admitting it hurt him so bad that he cried. I think it's a nice song, and combined with the other Neva Dinova songs on the EP, it's a really good CD.