Lyric discussion by robbnthahood 

Cover art for 40 Day Dream lyrics by Edward Sharpe and the Magnetic Zeros

acid?! jesus. this is one of the more straightforward songs out there

It's the magical mystery kind Must be a lie Bye bye to the too good to be true kind of love

He is in love and thinks its too good to be true, like he's been dreaming this whole time. And if anyone pinches him, bitch, he'll go crazy

THANK YOU. Jeez.

I know, everyone sees "inhales" or some sort of symbolism like the doorknobs and automatically thinks it has to be about drugs. Apparently 99% of all songs are about drugs, based on the comments I've seen. I think you're interpretation's right