Sometimes people forget there are a limited amount of hours in a life. While we never know when those hours will be exhausted, we often live as if the end will never come. Thus, we stay in spaces where we aren't fulfilled. We settle. We make excuses. "Wasting Time" is a song about two separated lovers, who are beginning to understand the magnitude of the ticking clock, and are longing to waste not a single second more before making a life together.