It's not what you'd think it's about.
It's not what I thought it was about after listening to it the second time and paying attention to the lyrics, either. I downloaded their first album, "The Answers" from emusic (because that was all emusic had of their ouevre), then bought "Foiled" from iTunes, mostly on the strength of "Hate Me". I thought "Hate Me" was a melancholy and yet strangely sweet song. Which it is.
Then I found out that the iTunes album came with a copy of the video when I went to play it. So I watched the (also available on their website -- third one down, not the live one).
And ... wow. It's an incredibly sad song. This is one of those songs that you really, really hope is not biographical. ;_;