Personally I've heard it as "by the lies that wove the web". I favor this because it reduces the redundancy (saying "lives" twice in two lines doesn't seem to fit Poe's pattern of carefully thought-out lyrics). Also that builds upon the imagery of a "web of lies". This is something of a linchpin in my personal interpretation of the song...namely about becoming aware of the tricks and traps of one's own mental processes. She's taking inventory of all the various things in her head, with the goal of letting go of childhood and sadness ("build a casket for my tears"). Growing up is about embracing the rational creation of the self. So she's taking a last look at the phantoms that comprised her former psychology and although she feels a great love for the process that has gotten her to this point...she has to free herself and move on.
Personally I've heard it as "by the lies that wove the web". I favor this because it reduces the redundancy (saying "lives" twice in two lines doesn't seem to fit Poe's pattern of carefully thought-out lyrics). Also that builds upon the imagery of a "web of lies". This is something of a linchpin in my personal interpretation of the song...namely about becoming aware of the tricks and traps of one's own mental processes. She's taking inventory of all the various things in her head, with the goal of letting go of childhood and sadness ("build a casket for my tears"). Growing up is about embracing the rational creation of the self. So she's taking a last look at the phantoms that comprised her former psychology and although she feels a great love for the process that has gotten her to this point...she has to free herself and move on.