In this song, a girl has left her man for someone else. He anticipates the day she will return to him, so he can reject her and have his revenge. He seems quite bitter toward the girl even though he still misses her.
This is one of the songs in the White Stripes catalog they'd rather forget. According to both Jack and Meg White, they were very excited about it when they worked it out on piano, but when they recorded it, they weren't happy with the results. This was a time when they were banging out songs very quickly in the studio, though, so they didn't second guess it.
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