Good question. Let's take an example here on earth. Let's say we put Roger Clemens with his 90mph fastball on the back of a pickup truck traveling 60mph. When he hurls one of his fastballs, then is not his fastball traveling at 150mph relative to a person standing on the roadside? So then, if a spaceship traveling at the speed of light turns on its headlights, doesn't the beams of the headlights move at twice the speed of light relative to a stationary object and at the speed of light relative to the spaceship? Then again, maybe it doesn't work that way in space due to zero gravity. One thing for sure, I'd make a lousy physicist with this kind of logic!
/john
Your explanation is exactly what Einstein's Theory of Relativity was developed in order to refute. Because, if you measure the speed of light from any frame of reference (and this has been experimentally verified) it always moves at the same speed (ie. ~300,000Km/s) relative to you. Even if you are moving very fast yourself.
This is because, as you speed up, your perception of time slows down. Let's imagine that Observer A is stationary and Observer B is moving at 1/3 the speed of light. IF Observer B was to suddenly turn on his headlights, then Observer A would see the light from them moving away from Observer B at the speed of light. But Observer B would ALSO see his headlights moving away from him at the speed of light, because time would have slowed down for him enough that the light would have moved 300,000Km away in front of him in what he perceived as one second. So the speed of light (in a vacuum) NEVER changes to any observer; only each observer's perception of the passage of time changes as his speed increases (though it's not only the perception... time actually slows down!). This has also been verified with atomic clocks and in particle decay, so it is real.
In fact, because of Einstein's Theories, a new definition of gravity can be proposed: An object moves in a gravitational field in such a manner as to take the longest time between two points. Weird, huh?
Check out Richard Feynman's Six Not-So-Easy Pieces for a great explanation of the details behind the theory...