This is for smezzer. Watch how fast this thread dies. (I'm breaking my no more nonsense threads promise, enjoy.)
I prefer the latter as a general rule. They'll tend to have different meanings with each listen. But there is always the Pavement exception rule in which case "day in the life of a slacker" lyrics are very cool. But generally I prefer the disjointed lyrics in which I think, "Hey that's deeeeep, man!"