(*) Even with our fists held high
It never would've worked out right
We were never meant for do or die

"Do or die" often means
"We are going to attempt to do something or we are going to die trying to do it"

Cái ý của câu trên có ý gần như vầy:
Even though we did this very defiantly
It would have never worked/we would not be able to do it
We were not meant to do this thing until we accomplished it or died