 The relationship described in the song has three principals - the singer, his wife, and all the things they are scared of.The singer feels that marriage should be simple ("man meets woman and they fall in love"), but recognizes that along the way the ride can become difficult and unpredictable.The characters in the song laugh when they see each other in the funhouse mirrors, but it is not clear if they are laughing out of humor, or laughing at each other in derision.