Lyric discussion by Sir_Larrikin 

The song seems to be about a Faery Ring - mentions of the king and queen of the Faery, etc... probably is a ref to the Early Master.

The picture by Daad (from the late 1850s - early 1860s) can be found at: beautyandruin.com/findesiecle/earlymasters/daad1.jpg

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