Overall, I really like the lyrics.
To me the you and me me and you part feels like a chorus.
I think Mella mentioned 1 hook. One thought would be only having 1 variation of this part at the end instead of a couple. The varied version could serve as a bridge around 2/3rd of the way through the song and then return to the main version of you and me me and you.
Other suggestions would be simplifying overall by losing a verse/hook.
One way to accomplish all this would be get rid of verse 3 and hook 3 and use hook 1 in place of hook 5. Hook 4 serves as the bridge. Maybe repeat hook 1 at the end of the song. hook 1 and 2 appear the same to me, so this would mean only hook 4 is different in this scenario.
Anyway, just some brainstorming - overall really digging the lyrics - could be a very catchy song.