I'm not sure what the whole song together means exactly, but the part:
Drown if you sink
Condemned if you float
is a reference to the way it was decided if someone was a 'witch' way back when. They'd throw some poor person into a lake or a river and if they floated they were a witch, and thus be condemned to death, and if they sank they were innocent, but they'd generally end up dying anyway. So they're saying again that whatever the person does at this point will end badly anyway.
I'm not sure what the whole song together means exactly, but the part:
Drown if you sink Condemned if you float
is a reference to the way it was decided if someone was a 'witch' way back when. They'd throw some poor person into a lake or a river and if they floated they were a witch, and thus be condemned to death, and if they sank they were innocent, but they'd generally end up dying anyway. So they're saying again that whatever the person does at this point will end badly anyway.