Don't You Know Who I Think I Am? Lyrics

Lyric discussion by ROMANCE-GUARANTEED 

Cover art for Don't You Know Who I Think I Am? lyrics by Fall Out Boy

Right ok so i'm new so if i repeat or get this wrong i'm sorry. so when they say: "They say quitters never win We walk(ed?) the plank on a sinking ship" surely they are saying they say quitters never win but if we don't walk the plank and quit then we will die because this ship is sinking.

so its a metaphor saying they should quit because it's going to end up bad anyway.