This song’s about change.
“There’s a wild wind blowing…”
“I could hear rain coming, I could hear the sirens sound”
“I can hear rain coming like a serenade of sound”
are all about change, turning points, the coming of new life.
The whole theme about “take me to where the street lights glow” is about reaching some sort of enlightenment and that’s why his/her “feet won’t touch the ground.” And this change comes with time which comes “a-creeping.”
“Time’s a loaded gun”
because someone can be triggered to change if they experience some event that is life-changing.