This song describes a breakup. The guy left, and his girl was hurt by him leaving ("Oh where have you been, oh where have you been"). The main singer is the guy and the side voices are the girl. So the guy comes back and the girl doesn't want him anymore because she doesn't want to be hurt anymore ("Oh where have you been if it hurts to be forgiving? Bye"). This makes the guy angry and sad, and he wants to get back with the girl ("Should we try this again with hope?"). So in the end the guy thinks that the girl just wanted to hurt him and won't ever go back to her again ("I may be invited, girl, but I'm not coming in").
Jonny - Portland, OR