Lyric discussion by crkdrain 

Cover art for Someone Is Waiting lyrics by Neutral Milk Hotel

I agree with pretty much everything that has been said so far. To add to it, for the intial 'someone is waiting to swallow all the halos out of you' line seems to mean that he wants to reduce the subject to his lowly and inferior postion. She is perfect, but he can't hope to be with her until he swallows all of her halos.

I agree, but I think it could also be that he is warning her about the other men who want her (possibly the "superheros", which I think is meant in a sarcastic way, that he wants to save her from, mainly because he loves her and wants her for himself) and how they want her for the wrong reasons. I think "swallow all the halos out of you" is referring to stealing her innocence, or virginity, which is all the other men want to do.