The protagonist is asking where her partner's white Ferrari is because she wanted to go for a ride in it. She mentions wanting to kiss her partner all summer long, but only if he allows it. The protagonist sings about staying up late and hearing her partner saying something. She wants her partner back and cries because she wants him so badly.
The protagonist wonders where the white Ferrari is and mentions that this experience was more than just a test drive. She questions if her partner's new girlfriend sat in the passenger seat of the Ferrari. She mentions wanting to sit there with her partner all summer long, parked by the soccer field.
The swimming pool is crowded and the protagonist and her partner act like they're passing secret messages. People notice a change in their faces, suggesting that they may know something is going on between them. Both the protagonist and her partner want something badly, and the protagonist won't speak for her partner, but she wants it badly.
The partner now owns a white Mercedes instead of the Ferrari. It's not the same, but he will still give the protagonist a ride in it. The protagonist mentions that she would have chosen her partner every time.
The protagonist sings about wanting to kiss her partner all summer long if he lets her. She repeats that phrase and ends the song with that line.