Maybe I'm looking at this too generally, but I see the song as saying that we should live our lives to the fullest potential, because one day it will all stop: "The tragic prize of wasted time" referring to the end of a life where you didn't live to your fullest and most desired way of living.
Maybe I'm looking at this too generally, but I see the song as saying that we should live our lives to the fullest potential, because one day it will all stop: "The tragic prize of wasted time" referring to the end of a life where you didn't live to your fullest and most desired way of living.