Teego, thanks a lot for your comments.
Funny thing, in an earlier version of this song, I went verse/chorus/verse/chorus and ended with the line "I'm in love with you but I've gone insane" just like you said, and it worked pretty well. But I also really like ending the whole thing with the repeated "As I fade, fade, fade away," which means I can't end with "I'm in love with you..." I tried to add another verse to the middle, which would allow me to repeat the chorus, but I wasn't successful at that. But yeah, I totally agree with your suggestion. Just not sure how to get there.
As far as tightening it up, I agree with you there too. I'm so new at this, I'm not really sure where to go with it, but I hear what you mean.
Thanks again.