Lyric discussion by thejlar 

Cover art for Unguided lyrics by New Pornographers, The

I hear "You're lucky to be on the lam like you are," which essentially means being on the run from something, which juxtaposes nicely with "You're lucky you've already been caught."

I don't know that it's about New York, since it would be the second New York song on the album, alongside "Myriad Harbor." It could be, but I think it's simpler than that: just about someone who is unguided in their pursuits of love and life. Maybe.