Waves are washing me (out)
Frank has climbed into the ocean and let the waves carry him — he has turned over control and accepted his fate.
We talk of being overcome with “waves of emotion”. Perhaps the song is about his releasing his emotions and showing them for the first time (after a painful parting from his lover). Water is also cleansing and he may be purging his emotions to create a new lease of life for himself. It’s interesting that he uses brackets for ‘(out)’, suggesting that he is not only being cleansed, but being physically and emotionally taken from one place to another. Will he arrive safely at his next destination? His next life?
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