Lyric discussion by Gesiwuj 

Cover art for Dead lyrics by They Might Be Giants

Did a large procession wave their torches as my head fell in the basket

This seems to me like this person was executed by a riot (á la the French Revolution). "wave their torches" conjures up images of an unruly riot just as "head fell in the basket" makes me think of a disembodied head rolling off a guillotine into a basket.

Anyway, the gist of the song is a procrastinator who is too lazy to do the things he wants/doesn't have anything they want to do. In the end they die and regret not doing anything. TMBG use the metaphor of a 'bag of groceries' (the person) 'taken off the shelf' (passed away) 'before the expiration date' (early).

One line that puzzles me is "I came back as a bag of groceries'. Does anyone have any personal interpretations?

Anyway, one of my favourite TMBG songs - although there are so many greats to choose form though :(