Lyric discussion by Deciver 

Cover art for Eagles Goth lyrics by Eagles of Death Metal

I believe it's about this guy whos makes out but doesn't sleep with with one of his best friends girls.

"Look on the flip side It could of gone real bad The way I see this thing It worked out all the better The better best anyhow" His way of calming her down. Like, atleast we didn't have sex or nothin

" Now I need to clear a few things up I need to get my head clear Need to clear the air" Saying how he needs to think about whats happened and where to go from here

"But nothing's going on between us If he thinks it is then I would feel so bad" Reinforcing how he doesn't believe what happened was has bad as his friend might think

My Interpretation