Lyric discussion by velorution 

Cover art for Wasted Words lyrics by Allman Brothers Band, The

I am not sure. Maybe he is talking to a past girlfriend who he tried his best to please.

"Is it me or is it you? I'd make a wager and I'd hope you lose." He is done with her and no longer hopes the best for her like he used to.

"Time's gone, looks like Rome is 'bout to fall, Next time take the elevator, please don't crawl." They are out of time, there is nothing they can do to save the relationship. She was too slow, she "crawled" instead of hurrying to fix the problem.

Her words are wasted, they no longer have any effect on him. She should just quit trying.

Well, thats what it looks like to me. Great song. We need more comments on here for this song!