This one is a lot clearer than some of their more ambiguous songs. It's about a guy who got in a fight and lost his arm, taking the other guy's eye. Both grow old and bitter. The armless man's girlfriend is pregnant but doesn't want to raise the child with him. Eventually, after much time both men meet by chance in a bar. Before the armless man can get revenge, a dark stranger comes in and kills the redhead. A boy, presumably the blond guy's son sees it. And in the end he's robbed of his vengeance.