Lyric discussion by Baconstrip78 

Song is about egypt, hence its original title "Egyptian Song".

"Jumped in the river what did I see, black eyed angels swam with me" - the river is the Nile, the black eyed angels are crocodiles which were deified in ancient egypt. Note the black eyes:

images.wildmadagascar.org/pictures/berenty/nile_crocodile_0082.jpg

The line: "All my lovers were there with me" - pharoahs were typically buried with their wives. Not only that but their soldiers and possessions from their mortal life.

Which leads to "we all went to heaven in a little row boat", pharoahs were also buried with boats, sometimes entire fleets of ships to make passage to the underworld.

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