Lyric discussion by iguanadon55 

Cover art for She's Losing It lyrics by Belle & Sebastian

This is a difficult song to interpret. I'm fairly certain that "she's losing it" refers to Chelsea losing it (not Lisa).

I'm also fairly certain that it IS about young lesbians (although it's about other things too). The line "Who needs boys when there's Lisa around" makes that pretty clear. Not to mention "The boys go with boys and the girls with girls."

The singer (a boy) wants to get to know Chelsea better "I think that I could help here out," but she wants nothing to do with boys "The girl's using me as a punching bag." So Lisa takes Chelsea with her to another school where they're free to be lesbians. It's interesting that Lisa changes Chelsea's life, but Chelsea changes Lisa's life too: "It changed her philosophy in '82." The first time we hear that line it seems to refer to Lisa, but the second time it refers to Chelsea.

It's tricky because when it says "she" or "the girl" we're never quite sure which girls it's referring to.

My Interpretation