Lyric discussion by noteye 

Cover art for Superpowers lyrics by Dismemberment Plan, The

I agree mostly with the two posters above about it concerning an ability to empathize, but a feeling of not being able to do much else.

To me, the "indigo light from silver towers" makes me think of TV, as TV light is a blue glow and is broadcast from transmission towers, and I think the narrator is able to lose himself totally in a story from a TV show (or movie) to reach that level of identifying completely with the characters and feeling the emotions that they feel. This may feel like some sort of superpower (maybe no one around the speaker can get quite so absorbed in the story), but isn't very useful, and can leave the narrator feeling isolated or otherworldly afterwards, as indicated by the isolation that "surrounded by rocks and stones as far as the eye can see" connotes.

The phrase "indigo light from silver towers" also makes me think a bit of Superman's Fortress of Solitude or something similar, and "surrounded by rocks and stones..." fits in with this, as well as the theme of superpowers in general. So, perhaps it is referring to some sort of superhero hideout, but with a mostly useless superhero.

In general, I think the song is fairly open to interpretation, like most good poetry. It does have a general theme of feeling sort of useless and isolated, but whatever else we read into it is what we bring to it individually.