Wax and Wane (Cocteau Twins cover) Lyrics

Lyric discussion by vampireX 

Cover art for Wax and Wane (Cocteau Twins cover) lyrics by Deftones

I think the song is more about addiction and the devil we fight inside us. " We wax and wane " to me means the ups and downs of addiction, getting high and coming down all in an attempt to steady the devil(demons) inside us.