"No More Losing The War" by Half Moon Run tells the story of a woman named Karen who was once a beauty pageant winner and media sensation. However, she was caught with stolen gold and was suspended on a ferris wheel in London's Waterloo station. Karen used to be someone who always won, "pick of the litter," but she eventually lost the war. The narrator remembers Karen in a personal way, having laughed and drank with her like old friends. He laments her downfall and the frustration he feels over the situation. The song speaks to the idea of trying to triumph and succeed in life, but ultimately acknowledging that losing the war is sometimes inevitable.