Most Helpful Guy
Depends. There are great songs that mean nothing, but the words flow together and sound good. Smells Like Teen Spirit might fit into this category:
"Load up on guns
Bring your friends
It's fun to lose and to pretend
She's overboard, self assured
Oh no I know, a dirty word
Hello, hello, hello, how low"
There are other great songs that have deep meaning or multiple levels of meaning. Dark Side era Pink Floyd for example, Time:
"Ticking away the moments that make up a dull day
You fritter and waste the hours in an offhand way
Kicking around on a piece of ground in your home town
Waiting for someone or something to show you the way
Tired of lying in the sunshine staying home to watch the rain
You are young and life is long and there is time to kill today
And then one day you find ten years have got behind you
No one told you when to run, you missed the starting gun"
Neil Peart (Rush) is a master lyricist as well... Freewill:
"There are those who think
That life has nothing left to chance
A host of holy horrors
To direct our aimless dance
A planet of playthings
We dance on the strings of powers we cannot perceive
The stars aren't aligned or the gods are malign
Blame is better to give than receive
You can choose a ready guide in some celestial voice
If you choose not to decide, you still have made a choice
You can choose from phantom fears and kindness that can kill
I will choose a path that's clear, I will choose freewill"
I'd suggest reading lyrics rather than listening to them as a way of studying what makes good lyrics, from a writing perspective. It's an art though, so figure out a style you like and start writing. Your style can evolve and become more sophisticated with time.