Lyric discussion by 2marinerssurvive 

Cover art for Valerie Plame lyrics by Decemberists, The

Parts of this song remind me so much of Bagman's Gambit. I think it's about a guy who falls hard for a woman that turns out to be a spy. Even though she just uses him, he's still so smitten that no matter what she really is, he'll always remember her as Valerie Plame, the girl he fell in love with.