Seems to be about a girl who really can't measure up to her own expectations/hype, but nobody around her is willing to stop playing along with her self-image. They'll tear her up behind her back, but when she's disappointed with her failures they just keep faking encouragement. (I think that's what 'That's what they say/500 up on the ladder' is referring to - like she's low in the 'draft' now, but she'll get her chance eventually.) And she knows something is off, but nobody's being straight about it.
Seems to be about a girl who really can't measure up to her own expectations/hype, but nobody around her is willing to stop playing along with her self-image. They'll tear her up behind her back, but when she's disappointed with her failures they just keep faking encouragement. (I think that's what 'That's what they say/500 up on the ladder' is referring to - like she's low in the 'draft' now, but she'll get her chance eventually.) And she knows something is off, but nobody's being straight about it.