Lyric discussion by MrWhale 

Cover art for Very Funny lyrics by Magnetic Fields, The

So, sort of surprised this hasn't been said before, but I interpret this song to be about cheating. It's sort of third person in the sense that, he's singing this song about himself but detached from his actual knowledge. Merritt is like a character performing some monologue about how clumsy they are in not knowing their loved one is unfaithful. Very Funny