I don't think so. This song is not written for Bullies, it's written for the bullied ones. It tells the stories of two different bully victims that are not wanting to live on like that and they want to change something in their lives. They want to stand up for themselves and end the bulling.
Tabzz, your way to see this song is an interesting one, but I still hold on to my point of view - Bullies are weak b******s with no life at all.