This song seems to be about Anthony Kiedis' love for his girlfriend at the time, Heather Christie. Some interpretation:
"Everything inside of me is burning up for you to see." - He's dying to show and tell her everything about himself.
"Compare us to a Ferris Wheel." - may relate to how their relationship has been: up and down.
"Some people do it by the book, but I prefer to go by feel." - Anthony likes to treat each woman differently, not do it like everybody else does.
"I wanted to get outta here, but every time I reappear and now I have the words my dear to whisper right into your ear." - This give the Ferris Wheel line more perspective. Anthony has tried and tried to be with her, he gave up and went out of the relationship, but then he got together again because he loves her. And now finally he knows what he feels about her.
Benjamin - Ålesund, Norway