Saw You Drown Lyrics

Lyric discussion by D.B. 

Cover art for Saw You Drown lyrics by Katatonia

I think it's the end of a relationship, and the verse and the bridge is sung by the narrator, which drowns himself while the other person who is singing the chorus part watches, being scarred for life.

I think so because of the "The last thing that you'll see" before the chorus, and because it fits better with my own interpretation of the song.