Lyric discussion by dissolutions 

aw man literally every Joanna song makes me wanna cry and I don't even know why. She's a genius no doubt.

Cassiopeia is a figure from Greek mythology who was extremely beautiful but vain. She has a constellation named after her. Personally I think this song is about beauty but the great thing about Joanna Newsom is that she makes all of her songs so vague but intricate in a special way that can be interpreted differently to anybody. I don't think this song can be deciphered exactly but that's the magic of I suppose. And I agree with the comments above--this song is a lullaby of sorts, meant to sooth and comfort.

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