Lyric discussion by nathanmholden 

Cover art for Hebrews 11:40 lyrics by Mountain Goats, The

It sounds to me like it's about the devil, at least based on what literature I've read on him. He's a fallen angel, seeking largely to make it back home (literally "rise again," if the mythology regarding heaven above and hell below is right) by whatever means necessary. That's just what I took from it though.

My Interpretation