Jamey Johnson's song "By The Seat Of Your Pants" is a song about life lessons and the importance of learning from them. The song tells the story of a wise old man who shares his wisdom with the narrator about different aspects of life such as fishing, relationships, and hard work. The lyrics convey the idea that life is unpredictable and that we must take opportunities as they come, even if it means taking risks and facing challenges. The old man in the song emphasizes the importance of finishing what you start and not giving up even when things get tough. The chorus of the song suggests that sometimes we must go through difficult experiences in order to find the truth of our lives. It also emphasizes the idea that life is precious and that we only have one chance at it. Overall, "By The Seat Of Your Pants" is a song that encourages listeners to embrace every experience, good or bad, and to learn from them in order to become wiser and more resilient individuals.