There's glitter on the floor after the party
Girls carrying their shoes down in the lobby
Candle wax and Polaroids on the hardwood floor
You and me from the night before, but

Don't read the last page
But I stay when you're lost, and I'm scared
And you're turning away
I want your midnights
But I'll be cleaning up bottles with you on New Year's Day

Taylor gives Joe Alwyn, her boyfriend as of the song’s release, a spoiler alert, framing their long-lasting relationship as a storybook. She’s compared relationships to stories several times in the past, namely on her 2010 tracks “The Story of Us” and “Enchanted.” On the latter, she sings:

“This is me praying that this was the very first page, not where the storyline ends”

“I want your midnights” alludes to the tradition of kissing someone once the clock strikes midnight on New Year’s Eve. Taylor wants to experience these romantic, beautiful moments with Joe, but she also wants to be there for him once the magic is over and life gets tough.

You squeeze my hand three times in the back of the taxi
I can tell that it's gonna be a long road
I'll be there if you're the toast of the town, babe
Or if you strike out and you're crawling home

Don't read the last page
But I stay when it's hard, or it's wrong
Or we're making mistakes
I want your midnights
But I'll be cleaning up bottles with you on New Year's Day

Hold on to the memories, they will hold on to you
Hold on to the memories, they will hold on to you
Hold on to the memories, they will hold on to you
And I will hold on to you

Please don't ever become a stranger
Whose laugh I could recognize anywhere
Please don't ever become a stranger
Whose laugh I could recognize anywhere

The format of these lines may remind fans heavily of Speak Now track, “Enchanted”:

“Please don’t be in love
With someone else
Please don’t have somebody
Waiting on you”

In that song, she expressed her longing for someone else she was falling in love with, and hoped a relationship would begin. In this one, she knows they’re both in love, but now hopes the relationship will last.

There's glitter on the floor after the party
Girls carrying their shoes down in the lobby
Candle wax and Polaroids on the hardwood floor
You and me forevermore

Don't read the last page
But I stay when it's hard, or it's wrong
Or we're making mistakes
I want your midnights
But I'll be cleaning up bottles with you on New Year's Day

Hold on to the memories, they will hold on to you
Hold on to the memories, they will hold on to you
Hold on to the memories, they will hold on to you
And I will hold on too long

Please don't ever become a stranger
(To the memories, they will hold on to you)
Whose laugh I could recognize anywhere
(Hold on to the memories, they will hold on to you)
Please don't ever become a stranger
(Hold on to the memories, they will hold on to you)
Whose laugh I could recognize anywhere
(I will hold on to you)