Sweethearts On Parade Lyrics

Lyric discussion by axround3r 

Cover art for Sweethearts On Parade lyrics by M. Ward

When ever I listen to this I Image two women "on parade" going for a stroll and M is the onlooker wanting to join the parade.

Does anybody else feel this way about the lyric or do you think the sweethearts on parade are two lovers, male & female?

Lovley cover I think I like it best imagining two sweetheart gals going for a stroll....ohhh those sweethearts on parade.