Lyric discussion by Cadence of the Heart 

sounds like it could be about a bunch of people living in a city where no one goes any where and they just get dragged down after a while. "everyone buried in wasteland" and "we're dead in this ghost town". and perhaps the younger generation is trying to break a cycle of some sort. "all the boys shout it out loud now, all the girls scream it out louder, we don't want to, we don't have to live like that". or maybe the singer is trying to warn people not to stay before it's too late. "you better let go, so let go, let go of me". or maybe he's telling the people draggin him down to let him go so he can get out because he's "dead". but those are just ideas.

i agree