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May 11th 2011!⃝The song is about The Fray in their earlier days before they became popular. More experienced artists gave advice to them when they really seem unsure about it themselves.
"Looking for something I've never seen,
Alone and I'm in between,
The place that I'm from and the place that I'm in,
A city I've never been"
Perhaps just arriving in Hollywood or Los Angeles, seeking fame, but not sure where to find it. Feeling lonely, maybe a little scared.
"I found a friend or should I say a foe,
Said there's a few things you should know,
We don't want you to see we come and we go,
Here today, gone tomorrow"
He finds someone with experience in the profession he seeks, who shares advice with him. He's saying that in a big city, it's hard to find friends who stick around.