Your interpretation of the end of TDS? Does the suicide attemps work on the title track in your opinion?

So, there are usually two different ways people interpret the end of the album and story. They are

The protagonist kills himself on the title track and Hurt is like a reflection on his life.

The protagonist is unsuccessful in his attempt on the title track and Hurt is him reflecting after the attempt on his life.

Which one do you tend to agree with? Or, any other theories welcome