Waiting for our ship to come but our ships not coming back
This line seems to deal with heaven and the afterlife. Many people strip all meaning from their life on earth just waiting for their “ship” to come and take them from heaven. But when this ship doesn’t come, and the band seems to believe it won’t, you end up dying without ever really living.
They are basing their lives on something they can’t even be sure exists. Some people won’t ever do anything meaningful in their lives, because they think salvation at the end is almost a given. This is what the narrator observes, and what causes him to ponder the point of life.
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