*pete and carl sing about being in love with each other*
carl: a couple???? us??? where d’you get that from????
Carl -Threepenny Memoir.
This is what You’re My Waterloo, means to me. People say it refers to Waterloo as someone’s greatest defeat, referring to the battle of Waterloo and they may have a point. But for me it means the place. I think it’s saying that everything Waterloo means to Carl is what Carl means to Peter 'you're the centre of my world, you're the most important place for me, you made me who I am, you're the reason I'm here, you're the reason I'm still standing.' Just as Waterloo was Carl’s entry to London, Carl was Peter’s.