Lyric discussion by pinkubus_floyd 

This whole album is so much more than what people think. Instead of just 4 or 5 songs about the band, I think that's what every song on this album is about. This song inparticularly is, i think, about after The Wall album, and the success that came with it. "The Ship of Fools That Runs aground" is the band and everyone associated with them that never matched the success of the wall.

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