"We're Strangers Again" tells the story of two people who met each other when they were both going through a difficult time in their lives and became close friends. They promised each other a lot and shared good times together, but they were not able to make their friendship last through the hard times or weather the storms of life. The first verse describes how they were strangers when they first met and how they needed a friend. They bonded together and became close, but eventually drifted apart. The second verse details how each person took the other in when they were in need, and how they had good times together. However, as time went on, they began to run out of good things to give each other. The chorus repeats the idea that they are now strangers again, just like when they first met. They are both back down on their luck and need a friend once more, but their past promises seem unrealistic and unattainable. Overall, the song encapsulates the ups and downs of a friendship and how it can ultimately change over time. Despite their best efforts, the two friends in the song could not maintain their connection and are left feeling like strangers once again.