The song tells the story of two young people who are too much in love to do anything that would keep them apart (like sleeping). The two decide to get married to solve their problem, but nothing changes and they still remain too much in love to function.
Here we are, out of cigarettes
Holding hands and yawning, look how late it gets
Two sleepy people, by dawn's early light
And too much in love to say good night
Here we are in the cozy chair
Pickin' on a wishbone from the Frigidaire
Two sleepy people with nothing to say
And too much in love to break away
Do you remember the nights we used to linger in the hall?
Mm-hmm, your father didn't like me, at all
Do you remember the reason why we married in the fall?
To rent this little nest and get a bit of rest
Well, here we are, just about the same
Foggy little fella, drowsy little dame
Two sleepy people, by dawn's early light
And too much in love to say good night
Here we are, don't we look a mess
Lipstick on your collar, Wrinkles in my dress
Two sleepy people, who know very well
They're too much in love to break the spell
Here we are, crazy in head
Gee you're eyes are gorgeous, even when they're red
Two sleepy people, by dawn's early light
And too much in love to say good night
Do you remember when we went dancing at the Palomar?
When it was over why naturally we cuddled in the car
So you ran out of gas, and I was green as grass
Here we are keeping up the pace
Letting each tomorrow slap us in the face
Two sleepy people, by dawn's early light
And too much in love to say good night