I think it's a litany of the obvious, with pretty shallow wisdom and that ultimately it's some kind of joke: the songwriter is tired of trying to write songs with deep meaning or songs that tell a story and he ends up writing what is essentially a song about nothing. A few self-evident facts, and the title says it all: [this song has] no new tale to tell.
I'm wondering if they are poking fun at someone (a vain lyricist who thinks his songs are very clever and meaningful) in particular.
I think it's a litany of the obvious, with pretty shallow wisdom and that ultimately it's some kind of joke: the songwriter is tired of trying to write songs with deep meaning or songs that tell a story and he ends up writing what is essentially a song about nothing. A few self-evident facts, and the title says it all: [this song has] no new tale to tell. I'm wondering if they are poking fun at someone (a vain lyricist who thinks his songs are very clever and meaningful) in particular.