Lyric discussion by BaruchS 

This song is beautiful, and I'm surprised someone hasn't commented on it before. It's not a very difficult song, but still.

Really, I think it's just a song of an unrequited love. The verses suggest a man in love with a girl who doesn't seem interested in him, hence why he's building the cabin to watch her in the beginning and waiting for her in the end. The middle verse suggests a lot of wandering in pursuit of love, and it leads to the final verse where he settles down.

The chorus, I think, is just there because it sounds good. Unless the cuckoo has some applicable symbolism I'm not aware of, it just seems to be a nice, earthy chorus to pull the song together.

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