Ugh, ok. The song's about how Ronnie likes to play with girls' hearts by sleeping with them for a night, and then the next day, he denies it all.
"Darling, what is going on? Honestly, that never happened, lieing is your favorite passion(the part where he denies). Leave me- go where you belong, higher heels and lipstick napkins, Dying is your latest fashion(the part when he rejects them once they return to him for more).