Lyric discussion by LonelyMoon 

Cover art for Last American Exit lyrics by Tragically Hip, The

After listening to this song about 100 times since I discovered it last year, I think finally they're singing about their conflicts about being a Canadian band playing in the US.

They realize, I think, that fame and fortune resides in the big, wealthy US -- "They keep calling out my name, I shout it down" -- but at the same time they realize they do not truly belong in America, in a different land, in a different country.

They're saying goodbye to the US, but also goodbye to the possibilities of the immense fame and fortune it offers them, if only. It's a sad, but a mature, wise goodbye to some of their dreams even as they learn what is important to them.

My Interpretation