The new track, which dropped at midnight ET on Friday, was released as a lyric video which resembled a scrapbook with sketches and typewriter lettering.
The similarities are apparent from the start, with lyrics like, "My castle crumbled overnight/I brought a knife to a gun fight/ They took the crown but it's alright./ All the liars are calling me one/ Nobody's heard from me for months/ I'm doing better than I ever was."
However, the new single is also heavily romantic, with allusions to Swift's real-life boyfriend Joe Alwyn.
"My baby's fit like a daydream / walking with his head down / I'm the one he's walking to," she sings. "My baby's fly like a Jetstream / high above the whole scene / loves me like I'm brand new."
Swift also teased the track on Twitter with a short video that showed some brief home *movie* clips, giving fans a behind-the-scenes glimpse at *her* private life.
From a shot of the singer riding a horse in an idyllic field, to another shot of her painting a watercolor landscape and one of her drinking a glass of wine while playing a guitar, the sweet *shots* feel very poignant when set to her heartfelt new song.
Last week, the singer debuted the epic, sci-fi music video for "… Ready For It," which featured Swift battling her robot clone in a futuristic abandoned mall. Check out the cyberpunk-inspired video below.