Lyric discussion by ModestMouseFan86 

Cover art for Red Elephant lyrics by Sunny Day Real Estate

I believe this song is about the Republican party. Their symbol is the Red Elephant, hence the title of the song. Mainly, the song is about the normal corruption and troubles as a candidate and president.

My impression grows Swayed stars part of my room

These two lines are about a republican candidates' impression/views being exposed to the public, and how slowly it's becoming more popular. Swayed Stars symbolize the 'Swing' states in an election, not being able to choose and how the focus and attention of these states become part of the candidates' life.

You climbed the wreck Cold diamond heart Still beating And no one ever knew the reason why

These lines mean that the candidate has been through a lot already and after all this time is still alive, but has a heart focused on currency and riches more than the common good. At this time, the candidate has reached presidency with his impression.

Well I'd suspect You would come to terms With my hand My eyes reflect your surface very well

In these lines, the president is wondering why the members of both houses haven't come to terms with him nor each other. also, he proceeds to persuade them.

Why'd I compromise Swayed stars and time is slow The way you restarts again

By this time, the president is looking to be re-elected, but this time he must change his views or compromise to match the views the public wants to hear. The states are swayed/ deciding on what to choose once more. Time is moving slowly at this time because the process is so long. This is repeated from the first time the candidate was elected.

I'm all talk again I'm on top of the world The way you restarts in me too

The candidate is re-elected and has power once more. He spreads lies of what's to come, so he can stay popular and loved by the public. Nothing was achieved like in the last term he served.

The night a field and I'll take you there The years of worry aren't my century

This means that he realizes, that lying is okay because even if ruins the economy, he won't be there for people to blame him. It's the next person's issue.

We climbed the wreck Cold diamond heart Still beating And no one ever knew the reason why

He proceeds to make bad decisions, then ruins the economy. The public survives the extreme blow to the economy( climbing the wreck), and the candidate came out of office, and wasn't blamed at all. The new candidate was blamed. Then the retired president lives his days, still greedy and corrupt, only wanting money and fame. He watches from afar. Then the chain restarts itself.

Song Meaning