The song "All Or Nothing" by UFO is about a person who is trying to reason with someone they care about. They express their frustration and disappointment in not being heard or understood. The lyrics suggest that the person desires a complete commitment from their significant other. They want things to work out as they envision, but they feel like they're only getting a fraction of the love and attention they desire. The repeated phrase "All or nothing" reflects the person's desire for complete devotion and dedication from their partner. They believe that if they could have the other half of their partner's love and attention, things would be better. The song emphasizes the urgency and intensity of their desire, as they state that they want it now and need it so bad. Despite the struggle and unfulfilled longing, the person remains resilient and accepts the situation, stating that it's alright. Ultimately, the lyrics convey a sense of longing, frustration, and the yearning for a balanced and devoted relationship.