Why would you try to waste this precious time?
He’s asking why would she waste time when they don’t have much of it. He’s trying to rush her into sex because he knows she’s as free as him, he also knows she’ll be gone tomorrow because she has no time for relationships, she likes to sleep around and explore the world.
Abel uses this same idea on “Remember You”
“I’m only here for one night
Then I'mma be a memory”
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