The 'party' in this song has nothing to do with parties in the social gathering sense. 'This party' refers to the narrator himself, as in legal references to the first party, second part and third party. 'This party fears two' is an oblique way of admitting 'I fear the prospect of being in a personal relationship'.
The 'party' in this song has nothing to do with parties in the social gathering sense. 'This party' refers to the narrator himself, as in legal references to the first party, second part and third party. 'This party fears two' is an oblique way of admitting 'I fear the prospect of being in a personal relationship'.