"Every time, baby, I got you off my mind" - The speaker is saying that every time they try to forget about their love interest, they find it difficult to do so. "Little by little I watch my love slow down" - The speaker is observing that their love for this person is slowly diminishing over time. "Do you know what it means to be alone?" - The speaker questions if the person they are addressing understands the feeling of loneliness. "They say every dog has its day, the good dogs win and the bad fade away" - This line suggests that eventually, everyone gets their moment to shine and the good actions or people prevail while the bad ones are forgotten. "You live for the day, you leave your 'morrows all alone" - The speaker is telling someone that they only focus on the present moment and neglect thinking about the future. "You got a little child, don't try to make it home" - It is implied that the person being addressed has a child but they are advised not to try to build a stable family life. The overall meaning of the song "It Takes Time" by Peter Green Splinter Group revolves around the themes of letting go of a fading love, the transient nature of life, and the potential isolation that can arise from neglecting future planning. The lyrics express a sense of resignation and a reminder that today's laughter can easily turn into tomorrow's tears or a feeling of being alone.