“the 1,” the second single from the album, centers around the nostalgic remembrance of myths and lost loves. Taylor contemplates an alternate life in which her old wishes had “come true” and resulted in a relationship with an ex-lover. -genius.com
An appropriate final track to an album filled with melancholy and darkness, “hoax” narrates the struggles Taylor endures in a toxic relationship. Although she has been driven to the edge of hopelessness by her lover, Taylor is unable to let go of her doomed relationship.
Taylor said: “I think “the lakes” sort of sounds like a testament of what I’ve wanted to escape from and where I saw myself escaping.I thought [this song] would be the perfect way to slot the last puzzle piece in, right when people least expected it. Because “hoax” as the ending song for the record, I thought was interesting for a couple weeks, but then I wanted to actually come in with the real last song of the record, which is “the lakes”, that’s kind of the overarching theme of the whole album, of trying to escape, having something you wanna protect, trying to protect your own sanity” -genius.com
It's no secret Taylor Swift has feuded with her former manager, Scott Borchetta. This song directly references Swift losing the masters rights to her first six albums. After all, she mentions "stolen lullabies" as a reference to the music she has no control over. The line: "you wear the same jewels that I gave you as you bury me" has a direct parallel to Big Machine recently releasing live versions of her songs without Swift's permission. Even the title is a callback to Taylor Swift's comments about how she was tricked into her record deal because she was relatively young and didn't know all the fine print: "My Tears Ricochet" creates similar imagery to one of her first big hits, "Teardrops On My Guitar." -zimbio.com