Each line of lyrics is associated with one pair of chords (i.e. two measures).

Take this one for instance:

[Verse] Dm Gm A Dm
Meet you downstairs in the bar and hurt
Your rolled up sleeves and your skull t-shirt
You say, what did you do with him today
And sniffed me out like I was Tanqueray

Here are the chords associated with each line:

Chords Line
Dm Gm Meet you downstairs in the bar and hurt
A Dm Your rolled up sleeves and your skull t-shirt
Dm Gm You say, what did you do with him today
A Dm And sniffed me out like I was Tanqueray