Lyric discussion by SpiritualMonkey 

Cover art for Paper Moon lyrics by Our Lady Peace

Yep I think you're all about right on this one. It's about being stuck in that boring job doing boring things just to fit in with society: the exact thing you promised yourself you'd never do when you were 15-20-25 years old... All those dreams and grand ambitions have been toned down over time.

Somehow the song reminds me of the book Generation X by Douglas Coupland (a Canadian author btw, most of his books are quirky and worth a read!). Roughly: the characters (born in the 60s and 70s) are jaded young adults trying to find some extraordinary thing to do with their lives. But they're kinda stuck in a rut and having to conform to make it trhough. OLP are GenX, and somehow I think they would have read the book, and identified to it. 'Cause I kinda did too.