Lyric discussion by Salvar 

Cover art for Honest lyrics by Long Winters, The

The meaning of this song is pretty clear, but I have two things to add that might not be immediately obvious:

  1. I think it's safe to say that the daughter is about 16 years old. It's even possible that the singer she is falling for is her own father... but that's only a guess.
  2. Could the girl's name be "Honest"? It's an odd name but it seems to fit better that way.