Lyric discussion by Joeylad 

This song is very deep for its time, and very intelligent. Rose McDowell revealed in 2015 that this song was written about nuclear war - interpretations about relationships and suicide are seemingly erroneous - and seeing as it was recorded in 1983, that makes perfect sense because nuclear annihilation was the western world's paramount fear during the Cold War, a fear which intensified around the early-mid 1980s with the Soviet invasion of Afghanistan, so this 3 minute poppy number is absolutely a backdrop to the political and societal climate of the time.

"And as we sit here alone, looking for a reason to go on" -- right out of the gates, sitting there "alone" implies that the narrator is of a small number of stray survivors following a destructive nuclear blast. I read that she is "looking for a reason to go on" because the explosion has laid waste to all she knew and loved, including those close to her, and she is trying to find a reason to carry on living.

"It's so clear that all we have now, are thoughts of yesterday" -- this is another line seemingly written from the POV of somebody who has survived a nuclear blast. The world as she knew it has been obliterated by a nuclear explosion, her family, friends, etc, as implied above have presumably perished and all she's left with is memories of past times.

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