In this song, Chris Carrabba sings about a girlfriend cheating on him: "I heard about the cool breeze and the cool nights and the cool guys that you spent them with. I guess I should have heard of them from you."
The line, "Don't you see that the charade is over and all the best deceptions and the clever cover story awards go to you," means that she doesn't have to act like she cares anymore - that's the charade. The clever cover story awards go to her because she is good at making up a lie to tell him so she doesn't get in trouble.
Lisa - Palatine, IL