I'm pretty sure this song was wrote about drug addiction, more specifically, the lead singer's drug addiction. The main lyrics, "Frail, the skin is dry and pale, the pain will never fail, and so it goes back to the remedy", he's talking about withdrawl and how you brake into it by going back to 'the remedy', the drug, which really isn't.
Then the lyrics "Clip the wings that get you high, just leave them where they lie, and tell yourself 'You'll be the death of me.'" are saying to quit taking the drug, since they get you high and will eventually kill you. That part, though, I was thinking how the 'wings' bring you up into the air, or 'high', but the higher you go, the thinner the air gets. So keep using those 'high wings' and you'll die from lack of oxygen, so you clip them.
But that's just the weirdo in me talking. Xd.