Lyric discussion by Daistaar 

Cover art for ...Like Clockwork lyrics by Queens of the Stone Age

Definitely appears to be talking about time and it seems to be a recurring theme throughout the album (The Vampyre of time and memory is age). I think mbaliya hit it on the head. Time is slipping away with every day and Josh is feeling it. Not everything that goes around (like a clocks hand) come back around (you don't get the time back even though the clock is where it was before) and its a sad

My Interpretation