Lyric discussion by John Koutris 

This seems to be Axl's moment in the album where he finally gets over the relationship that has plagued him for all these years (be it Stephanie Seymour, Erin Everly, or some other unknown woman who's broken his heart for the past 15 years).

He says it very simply in the final verse: "What I thought was beautiful don't live inside of you anymore, it's only memories." I used to love you, but now you're not that person anymore. The person I loved doesn't exist anymore.

"What this means to me is more than I know you believe" seems to be Axl saying to his former lover (presumably Seymour): "You think I'm such an evil man. You think I don't care, that I'm just some reclusive monster living in his mansion. But you really hurt me and this is my forum to express my pain."

"What I thought of you, now has cost more than it should for me." This is Axl stating that for years he's labored over this relationship and the pain of it's demise. He's finally realized that he's worried about this shit for far too long: the whole album is about this relationship and it's taken far too long to come out.

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