Lyric discussion by no1careshuiam 

Cover art for Time Flies lyrics by Puddle of Mudd

The tuning for this song is double drop D played a half-step down.

(DbAbDbGbBbDb)

To me it seems like he saying he realized he wasted a lot of time in his life and he wants to accomplish something and become something worthwhile before it's too late. It was possibly written before his band got a major label record deal.

My Opinion