Lyric discussion by SeaOfSand 

Cover art for Spinning in Daffodils lyrics by Them Crooked Vultures

To me, this seems to be about doing stupid shit because of lust or love, but i think the second verse encourages us to take the risk of epic failure but just being aware of it and prepare for it. Also, the author wants us to throw away any garbage that falls our way (lovers that treat you like shit) and try again.