Loscil plays drums in Destroyer. The lyrics and vocals are from the frontman in Destroyer, Dan Bejar, and in fact are taken directly from a Destroyer B-side called Grief Point. So it's a track referring to a self-referential lyric. It's about them making music at that time, the choice of A-side, and making whatever track was supposed to be the b-side before it came this. Destroyer are constantly changing style, but the EP is out of step with anything else they've done, it's pure ambient. I don't think Dan liked it. He's moaning about being tied to the genre, Loscil, Tim Hecker (the guy Dan collaborated) on the A-side, and the keyboard player from Destroyer (whose name I don't remember). Exploding Rockets is another reference to one of their songs.
Bits of all this make sense if you know the whole story, and a bit about the singer Dan Bejar and his lyrical style and persona. He usually says his lyrics are nonsense, but sometimes they do make sense. This one is a real headfuck. Falling out of love with what he's doing, starting over again. I love the way it comes in at the end of that album, which progressively lures you into a relaxed sleep with gentle pulses and waves. Then Dan turns up and delivers that really narcissistic black-soul shit. They say one of the definitions of Narcissism is that the sufferer is always going to get bored of with what they are doing, and go after a new sensation, a new self, something different from what they were into before. He's saying it's a regular thing for him and he's embracing it. The band are constantly shifting in style.
He's in an ongoing battle with this and his persona partly because he comes from the Canadian post-rock scene which is extremely dour and about pushing people away. He's constantly walking that line between being an 'honest', woke, depressed-about-the-world, cynical lyricist and self-parody of being such a bad news bear who basically hasn't got a lot new to say and does that same thing as all rock stars which is talk about rock-star problems, the scene, band politics, self-pity, being bored, and not understood.
Here's my favourite Dan Bejar song. Maybe because he's in it for about two minutes out of the twelve. It's the last tune on the album Destroyer released shortly after this. Again, it's out of step with the rest of the album but works as a coda. If Grief Point is a Destroyer track at the end of a Loscil album, I like to think of this as a Loscil-style tune at the end of a Destroyer album.
I think it's fair to say Dan is really sticking the knife into his miserable, superior self with these lyrics.
'I sit around,
and watch things wither,
Retrace my steps
Like the laziest river
Chewing over what the world has done'