"Empty Lake / Empty Streets / The Sun goes down alone..."
"I'm drivin' by your house / though I know you're not home."
Imagery of all the things that were there for fun and good times, now left idle as we head back to school and other commitments.
Of course, to a kid in the late 80's with an ink-still-wet driver's license, it's also a "things I should have done, but was too timid to seize an opportunity" vibe. Regret really isn't the right word.