Saw You Drown Lyrics

Lyric discussion by Greatoraint 

Cover art for Saw You Drown lyrics by Katatonia

It sounds to me like the speaker is telling their loved one that they want to leave. The loved one is sad and distressed by this, which makes the song's speaker more sad and distressed than they already are. I'm guessing at the second half of the song, the loved one dies or falls into a deep depression. Metaphorically drowning in sorrow, or literally the speaker drowned them to break things off or to end the loved one's internal conflict..?

My Interpretation