Lyric discussion by micusficus 

Cover art for Execution Day lyrics by New Pornographers, The

I think this song is all about dread. He woke up today knowing full well that it was execution day, but it didn't make it any easier. The early verses call to mind lots of images of regret. "Oh blast, I drank the wrong draft down" "We promised to play fair" "What a cinch it would have been had we been there" and then the end seems to be saying that even though you dread the end, you can't slow it's coming. True to form it's always going to be execution day. Dreading it won't stop it.

My Interpretation

@micusficus Seems accurate to me. Then again, having gone through a closely related experience that was partly out of my own doing, I can relate.

See, it can be about having confidence in someone who doesn't deserve it (or who you mis-interpreted,) and this road leads you down badly. It was promised as execution day, and though you try or tried to avoid it, maybe you actually CAUSED the "executon day" by fearing that it would happen, and having confidence (badly, badly placed confidence) in what you heard.