Answer:
The speaker is meaning that everything--even the things you have wanted and longed for--is bittersweet. This sounds more of an observation rather than something more pessimistic. She believes that everything good has a negative to it or a bad side.
Ernest Hemingway wrote the short story "Hills Like White Elephants." It was first released in the literary journal transition in August 1927.
The irony in the story's title is that a white elephant is something no one desires. She connects them to hills at first because she does not want to keep the kid, but then she says they do not resemble white elephants at all, implying that she does want to retain the baby, which is ironic.
Thus, What this line truly says is that absinthe tastes like licorice and that anything else that a person waits a long time to try also tastes like licorice. What this verse actually says is that things become better (or appear to get better) while you wait for them.
A driver's license, for example, is not a remarkable thing in and of itself, but it takes on greater significance when a person has had to wait his or her entire life to earn it. The freedom of being on the road can even be described as "sweet," like licorice.
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