I think what the fray is trying to say in this song is that you may feel lost in life (oh my god, i think I'm lost at sea) and "the wind" is hope for an opportunity in life. "Will i bend or will i break" is talking about if when the wind comes (an opportunity) will it be too much for you to handle? Will you break? Or will you make lemonade with lemons? Will you bend? We never know when the wind will come again but once the wind comes your troubles may be gone.
I think what the fray is trying to say in this song is that you may feel lost in life (oh my god, i think I'm lost at sea) and "the wind" is hope for an opportunity in life. "Will i bend or will i break" is talking about if when the wind comes (an opportunity) will it be too much for you to handle? Will you break? Or will you make lemonade with lemons? Will you bend? We never know when the wind will come again but once the wind comes your troubles may be gone.