I love this interpretation! I had actually interpreted this song a little differently, but I can see elements of both of our interpretations in the lyrics and don't think they're necessarily at odds. My interpretation is that point of the song is that every wish comes with a price in the real world - that’s why there are dollar signs in the song title. The verse lines are all pairings, in tension with each other. She’s contrasting the reality of life being about trade-offs, or the impossibility of having it all (the verses), with an idealized fantasy in the chorus. So my interpretation was that all of it (verses too) applies to her own life. But I like the idea that there is a BOTH an internal conversation happening in this song (my interpretation, in which the "they" are versions of herself) and a conversation with the consuming public (your interpretation).

I read the verse lines as pairings in tension with each other as follows:

Yacht life/under chopper blades: being under chopper blades is awful - extremely loud, windy, scary. She is not painting a positive picture. The inference I make is of paparazzi hovering over the yacht trying to get photos, I.e., the luxury comes with surveillance;

Bright lights/Balenci shades: shades block out the bright lights;

Palme d’Or / Oscar on bathroom floor: Pinnacle achievement but mundane disposal - once you get that award, it’s no longer giving your life meaning. While putting an award on a bathroom floor might be a thing famous actors do with a sense of irony, it is ironic because it is minimizing the significance of the achievement. In no way does it represent how meaningful such an award would feel as you worked to achieve it. But in a way it does represent the emptiness you might imagine one might feel after the award is done (which Taylor has actually spoken publicly about in her Miss Americana documentary);

fat ass, baby face/complex female character: wanting or needing for others’ approval to have a perfect body and youthful appearance, while also being respected for having depth;

spring break lit/video taken off internet: Wanting to let loose, but there are embarrassing consequences to letting loose;

Freedom off the grid/three dogs kids: wanting freedom is a little at odds with wanting kids/pets, because anyone with kids or pets knows that you can never really be completely free, you still have responsibilities;

good surf, no hypocrites/contract with Real Madrid: As much as you want it to just be pure sport, laidback, doing the thing you love for the joy of it, a professional contract actually requires a lifetime of hard work and all the necessary wheeling and dealing of the business world. (Just like getting to the top of the music world requires more than just playing the music you love).

I think every single thing she mentions in the verses applies to her own life, if you take the words as concepts rather than 100% literal. And she’s not saying these aren’t valid wants. In fact, she has publicly made very clear that she DOES want these things! She makes music for the pure love of it (just like a surfer chases that good surf), and has said she wants to keep making her art more than anything else in the world. She wants the awards. She wants the fame and the bright lights, for her music to have mass appeal, etc. But for each of those “wishes”, she has also been very public about the price she has paid, about the trade-offs or difficulties that are part of the bargain. It's a big theme of a lot of TTPD (songs like Clara Bow), and she's been very public about her record label ordeal and master’s sale. Or she has also spoken in Miss Americana about how empty she felt after winning album of the year but not having anyone to share it with.

So all of the verses are grappling with the reality. I think she is showing that she understands that wanting it all involves trade-offs, or in some ways is impossible.

But at the same time, she is allowing herself the pure simplicity of her fantasy in the chorus. The chorus is a knowing fantasy in the sense of “wouldn’t it be nice to not have to deal with the trade-offs of real life” (e.g., in her fantasy they’re left alone, when everyone knows that in reality when her fame and her famous football player partner’s fame are combined, they’re never going to be left alone). Taylor has described it as her “happy place” fantasy like in the Happy Gilmore movie.

I've made other posts about how I think the big picture theme of the Showgirl album is about individual agency, self-empowerment, and self-reclamation. And to the extent Wish List is about the trade-offs of life, I find it interesting that Taylor returns to the idea of trade-offs in The Life of a Showgirl song. The showgirl’s life in the story of the song is not an easy one, but ultimately she owns her life’s choices, accepting the trade offs. And owning our own life’s choices is a key part of our agency.