From the album Two New Malcolm Todd Songs - Single
This is about loving someone who's already halfway out the door. Malcolm Todd names the exact feeling of watching a relationship dissolve in slow motion while your person gets distant and unfamiliar. The debt in the title isn't money or favors—it's the proper ending he never got, the closure she refused to give him.
My one and only has places to go / Somewhere you don't know me
She's still technically his, but she's mentally checked out to a version of her life where he doesn't exist. That future-tense phrasing—'somewhere you don't know me'—means she's already living there in her head.
You want it all but you got me / I think you're a poet
He calls her a poet, which sounds like a compliment until you realize it means she's good at making pretty excuses. She wants everything except the person she already has.
I tried to know you / 'Cause I can't seem to do it alone
This flips the usual breakup complaint. He's not saying he can't function without her—he's saying he can't figure her out by himself, like she's become a puzzle he needs help solving.
Where did you go? I don't wanna know / Something's breaking, maybe one of us is faking
He repeats 'I don't wanna know' while actively asking where she went. That contradiction is the whole song—he knows the answer will wreck him but he can't stop looking for it.
Malcolm Todd wrote a song about the specific hell of being left before you're actually left. The owed ending isn't just closure—it's the thing that would let him stop waiting for her to come back from wherever she's already moved on to.