The song "Carousel" by Travis Scott feat. Frank Ocean describes the experience of living on the edge and testing the limits of one's sanity. Travis Scott talks about not needing a break and craving a replacement instead, amidst his inner demons that invade his mind. He feels like his M-E-D has caved in and is in need of a therapist to determine whether he is aging or not. Travis Scott is paranoid and hesitating, while his flow and cadence are being copied by others. He has a gate with his face on it, indicating his fame and success, but also his need for privacy and safety.

Frank Ocean's chorus refers to the idea of starting anew and leaving behind the past, with a newfound perspective and appreciation for life. He mentions the color blue, which often symbolizes sadness or melancholy, but in this context, it represents growth and change. He is too cold, and his breath is visible, which could mean that he is calm and collected in his new state of mind.

In the third verse, Frank Ocean and Travis Scott talk about moving in silence and taking risks but being aware of the consequences. They are both experimenting with drugs and using metaphors to describe their experiences. Frank Ocean talks about being a new species, with a tail that swings on the road, suggesting his uniqueness and the attention he attracts. He also mentions talons scraping the stage, which could symbolize the intensity and force behind their performances.

Overall, "Carousel" conveys the idea of living recklessly and testing the boundaries of one's limits, while also exploring new possibilities and perspectives. The song's energetic beat and flow contribute to the sense of urgency and excitement behind these experiences.