Lyric discussion by squaresun 

Cover art for Paint a Rainbow lyrics by My Bloody Valentine

Well, I hadn't paid much attention to the lyrics to this song. But after humming the chorus of Husker Du's "Pink turns to Blue", it came to me. Of course! It's about necrophilia!

Specifically a guy fucking a dead chick. Recently dead people, like in the HD song, tend to have "lips of blue", and the line "it's cold and safe inside of you" refers of course to her decomposing vagina. I hardly need to mention the "earthen trail of slimy goo".

I like to imagine the narrator, having been driven to insanity by an inability to accept the death of his beloved girlfriend, going down to the graveyard one night and digging her up for some action. He's so happy just to be with her again, like the old days..."I will chase your sadness away / See it glow when I paint a rainbow" and maybe he even hopes for some resurrection, "when the colours change" and those blue lips turn pink once more.

Fucked up, creepy, but also slightly touching in a way.

P.S. the only thing that leads me to doubt this interpretation is his references to "eyes of red". Do corpses get red eyes? I dunno, undertakers tend to close the lids to avoid their glassy stare. Perhaps Kevin 's lover is in fact UNdead? Certain species of zombies have been known to have spooky red eyes.