Lyric discussion by thesuperfrenzy 

This song may be about the Uncle, but if a meaning was to be put to this song that applied to everyone else it would be this:

The singer has seen all the hard times that has come to his fellow friends, but the hard times seem to pass him by.

"Have you ever been close to tragedy Or been close to folks who have" "I've never had to knock on wood But I know someone who has"

He wonders if he would be able to handle the hard times if they ever come to him.

"I'm not a coward, I've just never been tested I'd like to think that if I was, I would pass"

He's glad the hard times have spared his life, but he thinks he could handle it if his luck ever changes.

An error occured.