This is a song about someone who has a 'near death' experience of sorts. Basically a car accident that is narrowly and perhaps 'miraculously' avoided. The song is primarily about the person's (actually a couple) perspectives immediately before and after the event.
A young dreamer examines and experiences some of the existential alternatives
to the rigid dystopian society of the future within which he feels captive.
On his whirlwind tour of solutions in this 'one world' repressive state,
our protagonist considers:
revolution, hopefulness, counter culture, hedonism, conformity,
ambivalence, spirituality and religion, enlightenment, and escape.