11/05/2008 AT 4:50 PM ET
“[It’s] a song about watching somebody completely fade away in a relationship and wondering what you did wrong,” Swift, 18, tells PEOPLE about “Forever and Always,” the track inspired by her October split with Jonas, 19. The song appears on her new album Fearless, due Nov. 11.
Swift also tells PEOPLE that she’s not ready to date again and prefers being alone – for now.
“I would hate to jump into something so quickly and have it not be the right thing, because I don’t think I could take that right now,” she says.
During their summer romance, neither Swift nor Jonas would admit they were dating. But on Wednesday, Swift finally confirmed that they were a couple, and said Jonas is the only guy who’s ever hurt her “deeply.”
Swift is also using humor to deal with the split. She pokes fun at Jonas in a new vlog on her MySpace page that also features cameos from Selena Gomez and Patrick Dempsey.
At the 4:20 mark, Swift holds up a Joe Jonas doll and says, “See, this one even comes with a phone. So he can break up with other dolls.” A few scenes later, she holds up a Taylor Swift doll and says, “Stay away from him, ok?”
Additional reporting by EILEEN FINAN
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