I know the difference between it and that, but what does that mean in the sentence below? Does it mean the same as it?
I reach for the phone,
I don't know who to call.
That excites me.
Starving for days,
I've been told it's a phase,
But they don't see.
That I'm holding on to something that I don't seem to catch
Now I've been following the streams along,
But nothing never last.
Source: Wake Up Alone Lyrics
The link within your link for playing the song is not a free-play, so it is difficult to tell what that refers to.
It may mean that
I reach for the phone I dont know who to call
not knowing whom to call excites you, or it may mean
I reach for the phone I dont know who to call that excites me
you don't know which person that excites you to call
The only difference I can see is that "it" may imply something that is more immediate to you in time or space, where "that" implies something not as close. In actuality, I think it's a matter of preference of how the sentence sounds to the author.
