Lyric discussion by Marmot14 

Cover art for Circle lyrics by Edie Brickell and the New Bohemians

I believe the song to be about her reaction to a breakup. "When the streets are wet, the colors slip into the sky But I don't why that means you and I are, that means you and I" implies that she can't finish the thought because it is too hard to face. Sometimes I think the voice saying "Me, I'm a part of your circle of friends" is external to the singer and sometimes I don't. I think it is supposed to be that way on purpose. Expresses both a sense of detachment from people and a little self-loathing. The giving up is an over reaction to the breakup. As if she is saying, "If I can't have him/her then I choose no one!" And that is "no one" as in not just these circle of friends, but nobody! It is a little over the top, but she really sells it! Great song! This song is what I think of when the Smashing Pumpkin's album "Mellon Collie and the Infinite Sadness" comes up. That's melancholy for those missing it. "Mellon Collie" is also a great album.