Song Meaning

The lyrics immediately declare a unique institution, describing it as "the oldest established" and "permanent floating." This isn't just a game; it's a legendary fixture. The repetition solidifies its almost mythical status. It paints a picture of an enduring, illicit underground world. The core tension lies in the central paradox: how can something be both "permanent" and "floating"? This linguistic twist suggests an entity that constantly moves to evade detection yet never truly ceases to exist. It highlights the inherent conflict between its enduring nature and its need for constant evasion. The narrator appears to present this contradiction as a matter of fact, almost with a wink.