This song had one of my favorite mondegreens in it...
"You're where you should be all the time
and when you're not
you're with some underworld spy
or the wife of a postman, wife of a postman."

An interesting element is the line "you gave away the things you loved
and one of them was me". This puts the rest of the song in context of a revenge song against a lover who jilted her, in my opinion.