I think this song is about having grown mistrustful and defensive as a result of too many experiences which resulted in hurt. She regards her current lover with suspicion, even pushing him away, with statements that seem to say "I'm evil, why would you even want to be with me?" He tries to assure her by saying "this ain't no rodeo town" meaning, no one's out to harm anyone here. Referencing to "cocking the gun" is a reference to her being on the attack, and he again, is simply telling her that his intention is not to hurt her. Great song.
I think this song is about having grown mistrustful and defensive as a result of too many experiences which resulted in hurt. She regards her current lover with suspicion, even pushing him away, with statements that seem to say "I'm evil, why would you even want to be with me?" He tries to assure her by saying "this ain't no rodeo town" meaning, no one's out to harm anyone here. Referencing to "cocking the gun" is a reference to her being on the attack, and he again, is simply telling her that his intention is not to hurt her. Great song.