Song Meaning
The narrator is captivated by an elusive figure, the "Dream Lady," who appears in the "velvet moonlight" but vanishes "behind the clock of midnight." This sets up an immediate tension between presence and absence, a fleeting vision that can't be grasped. The scene is dreamlike, emphasizing the ephemeral nature of this encounter.
This elusiveness creates a sense of longing and disorientation for the narrator. They find themselves "in endless wandering" upon waking, searching for a way forward "as I await the end of day." The cycle of waiting for night to return, when the Dream Lady might reappear, highlights a dependence on this spectral presence for meaning or solace.
The lyrics employ a stark contrast between the soft, romantic "velvet moonlight" and the sharp, definitive "clock of midnight," underscoring the abruptness of the Dream Lady's disappearance. The repetition of "Dream Lady" throughout the latter half of the lyrics functions like a mantra, a desperate invocation of the figure who occupies the narrator's thoughts and dreams.
What makes these lyrics resonate is the raw depiction of yearning for something intangible. The narrator's waking life is characterized by a "misty morning" and "endless wandering," suggesting that only the dream state, with its elusive "Dream Lady," offers a compelling reality. The writing captures the ache of chasing an ideal that may never fully materialize.