Lyric discussion by andmott 

Cover art for Truce lyrics by Jars of Clay

To me this means..

"Faultless..." The truth of God is within all of us, Romans 1:18... we don't see ourselves in the sin we really are in.

"Much to my..." God's glory is the center of the universe, and his values don't orbit around that.

"I stand here wondering" Just contemplating his existance

"My ear is twisted..." God gave him over to a depraved mind to have no thoughts. He knows the truth of God, and that he doesn't hold to glorify him, and deep down he feels guilt and wants distance.

"Enchanted Peace" Further evidence the peace is not true that he has, and he says it turns to unsatisfaction, he gets further given over to his sin and is blind, deaf.

"Waiting around for some kind of peace" Some hope here of him looking for God, but still not a direct conscious knowledge of his need for God, necesarily.