Lyric discussion by bryanzug 

Cover art for Rival lyrics by Black Rebel Motorcycle Club

Seems to me that the line "I'm living like I knew what the hell i was looking for" is a very interesting riff of of "I still haven't found what I'm looking for". One of the band members father's was in the 80's band The Call, who I heard somewhere along the way opened for U2 on one of their early US tours.

My Interpretation