"
Then one night, as I closed my eyes
I saw a shadow flying high
He came to me with the sweetest smile
Told me he wanted to talk for awhile
He said... Peter Pan that's what they call me
I promise that you'll never be lonely
And ever since that day
By closing her eyes, at first I thought maybe she started to imagine, but later into the song I think this means that she committed suicide because like everyone that commits suicide, they take this as a sort of freedom. So, Peter Pan, in a way was that freedom. So, he was pretty much the deal maker or breaker. At this point he was between life and death. If she went with Peter Pan, she could be "free" in a way and would go to Never Land to stay with Peter Pan and the rest of the Lost Boys. If she went back, she would probably wake up in a hospital or something.