фраза "loosing my religion" означает «I'm at the end of my tether» или «at the end of my rope, or about to give up on something» (often over matters of romance), т.е. «дошел до предела и готов сдаться» (особенно в любовных делах). Еще на одном диалекте английского языка фраза означает «терять почву под ногами». 

Ooooh
Life is bigger
It's bigger than you
And you are not me
The lengths that I will go to
The distance in your eyes
Oh no I've said too much
I set it up

That's me in the corner
That's me in the spotlight
Losing my religion
Trying to keep up with you
And I don't know if I can do it
Oh no I've said too much
I haven't said enough
I thought that I heard you laughing
I thought that I heard you sing
I think I thought I saw you try

Every whisper
Of every waking hour I'm
Choosing my confessions
Trying to keep an eye on you
Like a hurt lost and blinded fool
Oh no I've said too much
I set it up

Consider this
Consider this
The hint of the century
Consider this
The slip that brought me
To my knees failed
What if all these [bad word] flailing around
Now I've said too much
I thought that I heard you laughing
I thought that I heard you sing
I think I thought I saw you try

But that was just a dream
That was just a dream