I thought that if I researched Oscar Wilde I might find out what this song was intended to mean, but no luck. So after just reading the lyrics again, I've found MY idea of what the song means. I think that it's saying that we get so busy ("Beaty pageants all the time"), we don't have time to do stuff that we want to do, therefore "time is running out" and "time keeps on ticking away". As for the chorus, I think that "we are all our own devil" and "we make this world our hell" by torturing ourselves with all that work.
I thought that if I researched Oscar Wilde I might find out what this song was intended to mean, but no luck. So after just reading the lyrics again, I've found MY idea of what the song means. I think that it's saying that we get so busy ("Beaty pageants all the time"), we don't have time to do stuff that we want to do, therefore "time is running out" and "time keeps on ticking away". As for the chorus, I think that "we are all our own devil" and "we make this world our hell" by torturing ourselves with all that work.