Meaning of "Paper Chase" by Art Garfunkel

The lyrics of "Paper Chase" can be interpreted as a metaphor for life's challenges and the pursuit of elusive goals. The woman symbolizes a goal or achievement that seems within reach but continues to elude the protagonist. The paper promises represent false hopes and empty dreams that ultimately lead to disappointment. The constant chasing and searching for something unattainable can be seen as a reflection of the futility of certain pursuits and the realization that sometimes it is best to let go and move on. The woman's laughter at the end signifies the futility of the chase and serves as a reminder that some goals are meant to remain out of reach.