That's The Story Of My Life
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The speaker repeats that this is โthe story of my life,โ giving the lyrics a circular, almost resigned feeling. They connect their personal story with the distinction between right and wrong, but Billyโs comment unsettles that certainty. The repetition may suggest that this conflict is a familiar part of the speakerโs life rather than a problem being resolved.
The phrase โthe difference between wrong and rightโ stands for moral rules or clear judgments. Calling those words โdeadโ is a metaphor: Billy may mean that such categories no longer feel useful, meaningful, or alive. The repeated line โthatโs the story of my lifeโ can also sound like an idiom for a recurring pattern, perhaps something the speaker accepts with weary humor.
The lyrics leave the relationship between the speaker and Billy unclear, and they do not explain why Billy rejects the words โwrongโ and โright.โ His statement could express cynicism, uncertainty, or a belief that real life is more complicated than simple moral labels. The speakerโs repetition might agree with him, or it might simply show how deeply his remark has affected them.