Video Killed the Radio Star Lyrics

Lyric discussion by kek 

Cover art for Video Killed the Radio Star lyrics by Buggles, The

I'm surprised at how shallow are the interpretations here: all the deduction is done by reading only the title.

What about 'I met your children/What did you tell them?' and 'In my mind and in my car'? Specially when relating those to the title? Is this just a love story or is there some deeper meaning?

Maybe the gist is: a guy meets a diving-into-oblivion radio star he worshiped when younger and they have an affair. But still this explains very little, being only a over-viewing outline.