You see, I always assumed this was a song about an extremely fine car.
"She had the sightless eyes, telling me no lies." -If this song is about a real woman, it doesn't make any sense, unless she was blind or lacking sight as that is what sightless means. I took it as he was talking about the headlights, which often times are characterized as the "eyes" of a car and they can't see and a car can't tell any lies.