This is kind of folky, similar to Leonard Cohen's work, at least in my opinion. Reminds me a little of his "Suzanne". I notice the rhyme scheme starts out fairly stable with perfect rhymes, then drifts to near rhymes...like you're moving from a stable place to an unstable mood. Subtle and intriguing. Is this the story of an uncertain relationship? Or maybe someone's imagined relationship?
I like how this reminds of my college days. There isn't much to critique, except for me, this is sort of rambly, and I can't quite follow the story. But maybe that's intentional. Some songs are meant to be vague.
Vicki