Hayley Williams says 19-year-old Taylor Swift inspired Paramore's new song 'Running Out of Time'

• Hayley Williams recently spoke to Zane Lowe about hanging out with Taylor Swift as a teenager.
• Williams visited Swift's Nashville home when they were 19 and said it made her reevaluate her own life.

Hayley Williams opened up about her friendship with Taylor Swift and how the "Midnights" singer has inspired her own music.

Williams recently sat down with Apple Music's Zane Lowe to discuss Paramore's new album, "This Is Why," out Friday.

In an exclusive clip shared with People, Williams revealed that one of the new songs on the album was inspired by a hangout at Swift's home in Nashville when both women were teenagers.

"I remember when we were 19 and I was closer with Taylor Swift at that point because we both lived in Nashville and we're both experiencing our own versions of real success for the first time," Williams, 34, told Lowe. "I went over to hang out. She's a really good cook, by the way. She's a really good cook. She has taught me how to make stuff that I did not retain at all."

According to the Paramore frontwoman, Swift had a closet filled with wrapped presents, ready to send to people she's thankful for.

"I was like, 'Oh my God, my life is so not together.' I was like, 'I can barely remember to send someone a card or flowers.' There are still Christmas gifts at my house that I have not sent to my friends just sitting there in the back of my closet," Williams recalled.

She added: "I wish that I was the person that felt like I had all my shit together and I was like, 'Oh, I had some extra time, so I'm just popping by with some flowers.' That kind of thing, that is my idealized self."

Williams debuted the song inspired by this revelation, "Running Out of Time," during Paramore's album release show earlier this week.

"This is a song about how I'm always late to everything," Williams told the audience at Nashville's Grand Ole Opry. "It's really not that deep unless you want to think about the planet dying. Then it can be that deep."

According to fans' videos from the performance, Williams opens the song with the lyrics, "Said I was gonna take some flowers to my neighbor, but I ran out of time / Didn't wanna show up to the party empty-handed, but I ran out of time."

In the chorus, she sings, "Intentions only get you so far / What if I'm just a selfish prick? No regard / I'm always running out of time."

Paramore is set to open for Swift's first two stops on The Eras Tour in Arizona. Swift previously invited Williams to perform together during the Nashville stop on her 2011 Speak Now World Tour.

Williams also appeared in Swift's star-studded "Bad Blood" music video, released in 2015.