Lyric discussion by jubjubgurl 

I agree with a lot of the interpretations about being town between two lovers. I think the video shows you the the girl knows she's happy and free with the bird, but the skeletal flutist just keeps her entranced. She can't be free with him, but when she's around him nothing else matters. She drops her present she took with her, losing herself to the skeleton once more, as he rains on their parade.

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