Lyric discussion by okjunga 

It is a song of remorse for a lost love.

He and the girl fall in love, but there love fades (an autumn time lullaby sang their newborn love to sleep) for what reason, we do not know.

Though it didn't work out, he learns that she still loves him (waiting in the woods). He gets married, has a family, but it's not fulfilling (was drunk when he met his wife, relationship with son is not good).

He dreams of her (yesterday, my dream was of you), that they are walking in the woods after all of these years and he dreams that she would say to him, "I remember you too".

He repeats the second refrain, that their love was lulled to sleep, but this time he dreams he could travel back to the time she was wandering in the woods and find her there, and live a different life than the one he did.

I agree with okjunga. Whilst he doesn't necessarily regret his present life he thinks about what could have been and would it have been better with the "girl he spent an hour with". Something has made him think about a past love and he's just curious to know if things would have been different.

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