"Just One More Chance" is a song that expresses the desire for a second chance with a lost lover. The lyrics suggest pleading for forgiveness and pleading to have the chance to prove true love. In the song, the speaker recognizes that they have made a mistake and have learned from it, and they are now asking for the forgiveness and mercy of their former lover. Billie Holiday's melancholy and soulful voice adds to the longing and desperation in the song. With her raw emotions, she conveys the pain and regret of the situation and emphasizes the yearning for reconciliation. Overall, "Just One More Chance" is a classic love song that speaks to the universal feeling of longing and the desire for forgiveness and a renewed chance at love.