Lyric discussion by Kero351 

I think its not only about "teen troubles", but also teen drug use, and in particular cocaine. For me anyway, this is expressed as (presumably) 2 good friends trying cocaine in the school bathroom. The "Six sets straight, ace Cut 'em in the bathroom" (possibly six straight lines, albeit a lot of coke, but who are we to judge?).Also what ties into this theory is "Click, click saddle up see you on the moon then" which is easily symbolism for getting high; since the phrasing here is directed to someone else, we can make the assumption about at least 2 participants in total.

An alternate (and personally imo, less likely) option is a suicide pact.

I totally agree with what you're saying. When I first heard this song, and hadn't analysed the lyrics, I did hear "Cut 'em in the bathroom" and think of self-harm... but I think your theory is much more plausable.

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