Lyric discussion by globetrotttt 

Cover art for Jewel lyrics by Bombay Bicycle Club

The song is rather straight forward. It's either a person telling their former lover what a terrible mistake they made for leaving/destroying their relationship, or a person kind of reminiscing on their own mistakes. It, however, seems to be rather bitter, playing upon the fact that nostalgia is often fonder than what reality held. The last line holds the key to the whole meaning of the song, methinks.