We're all bored, we're all so tired of everything
We wait for trains that just aren't coming
We show off our different scarlet letters
Trust me, mine is better
“We” is used when referring to herself and another person. Their gender is not specified. They both have “different scarlet letters” which in my opinion could mean sexualities. Bisexual, lesbian, pansexual - there are various “letters” in the LGBT community. Taylor speaks of boredom, tiredness and “trains that just aren’t coming”
We're so young but we're on the road to ruin
We play dumb but we know exactly what we're doing
We cry tears of mascara in the bathroom
Honey, life is just a classroom
Taylor Swift and another person are crying tears of mascara in a bathroom. I don’t know about you but that gives me an image of two women. “We play dumb but we know exactly what we’re doing” could mean playing off their relationship as a friendship ie. glass closeting.
'Cause baby, I could build a castle
Out of all the bricks they threw at me
And every day is like a battle
But every night with us is like a dream
Baby, we're the new romantics
Come on, come along with me
Heartbreak is the national anthem
We sing it proudly
We are too busy dancing
To get knocked off our feet
Baby, we're the new romantics
The best people in life are free
Taylor Swift is painting a vivid picture about how much judgement she receives. She could build a castle out of the bricks thrown at her. It doesn’t matter to her though because nights with her partner are like a dream. They know that heartbreak is the “national anthem” but they’re too busy dancing and singing proudly. She finishes the chorus by stating “The best people in life are free”
We're all here, the lights and noise are blinding
We hang back, it's all in the timing
It's poker, he can't see it in my face
But I'm about to play my Ace
Taylor’s usage of we/us and he indicates there is another person involved. In my opinion this song takes place in a nightclub or bar of some kind. With all of the lights and noise she places great importance on hanging back and the timing. She maintains her poker face to a man. There is something she’s about to do, she’s about to play her Ace.
We need love, but all we want is danger
We team up then switch sides like a record changer
The rumors are terrible and cruel
But, honey, most of them are true
In my opinion the lines “I’m about to play my Ace” and “We team up then switch sides like a record changer” are related. It can easily be interpreted as a bearding situation where Taylor Swift needs to maintain a heterosexual image. She also states that most of the rumours are true.
Please take my hand and
Please take me dancing and
Please leave me stranded
It's so romantic (it's so romantic)
(Ah, ah, ah, ah, ah, ah)
This could be interpreted as her and her partner holding hands, dancing, etc and then pulling away (left stranded) when it’s necessary to remain closeted.
There are two explanations that would make this song make sense. 1) she is queer or 2) she is cheating on her partner. Considering this song was released in 2014 and her public relationships never had elements of cheating I believe the first is most likely