She gave me relations, so now, we related
The morning comes; the picture, faded
He slept with her, so now she thinks they’re in a relationship. But in the morning, he doesn’t care about her so that idea of a relationship fades away.
A similar interpretation would be that the first line is just word play — to “give relations” means to have sex, so Wayne jokes that now they are “related” (though it’s likely that the lucky lady would have jumped at the chance to marry him)
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