Sold you the moon and now it's time to fall

from Red Hot Chili Peppers – Magpies On Fire Lyrics on Rap Genius

Meaning

To sell someone the moon is to draw someone into a false agreement that promises the impossible. Anthony made an offer to his lover that was beyond his own abilities and now, the other person must suffer.

In a bit of wordplay, the moon falls (sets) every night. Thus, time is short on the situation no matter what.

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