Livin' in ruins of a palace within my dreams

from Lorde – Team Lyrics on Rap Genius

Meaning

Again this is very similar to Royals, yet this time it is a far more morbid take on it:

We don’t care, we’re driving Cadillacs in our dreams

In childhood, she dreamt about castles and princess and basically conjured a vivid fantasy world. As she got older and more self aware of the world, her fantasy crumbled as she got to grips with the reality of the world.

This could also refer to how Royalty is basically dying out, there are only 28 monarchies left in the world, so Lorde’s dreams of being a royal are hopeless. This is why she insists on being Queen Bee.

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