Lyric discussion by LightLuz 

Cover art for It's You lyrics by Animal Collective

The harp sounds make me think of the butterflies you feel inside you when you really like someone. My interpretation of the song was that by repeating "still going on" he was referring to his feelings for someone. By asking, "What's going on?" He was trying to identify and name what exactly he was feeling. Also, that the declaration of "It's you." He was answering his own question. You are what is going on inside of me.