Lyric discussion by hybrid_rainbow 

in the first part, blake is talking about this old boat that doesnt work any longer, attached to an old, run-down, house [hence the 'anchored to a fixer uppers dream' line].

a man, probably older ['thinking about his pension plan'] is continuously working on it, making futile attempts to make it seaworthy.

this part could be a metaphor for [something else, haha] any big investment put into a hopeless cause.

im kind of thrown on the 'i wanna be a boat' portion, maybe the thought of being able to sail away, find new shores and new beginnings.

i think the part after that, though, is talking about the boats beginning, how there was lots of hope and oppourtunity for it to go out to sea, but then it got put away and now will never have the chance [sold at auction, on a dolly ever since].

this part could also be a metaphor. probably it is.

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