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Puscifer – Man Overboard Lyrics 11 years ago
Also, in the video all the crewmembers are the same person. Fits well with my interpretation IMO.

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Puscifer – Man Overboard Lyrics 11 years ago
Water (especially the sea) is often used as a symbol of deep emotions in the analysis of dreams and the like.
The title ("Man Overboard") may reference the narrator himself.
"Shoulda seen the warnin'" etc. - He should have seen this coming.
In short I think the song can be interpreted as a bout of depression or other negative mental state. The "ship" and "sailors" are simply symbols. "Toss the extras over, About to take on water." The person is hit by a "storm" of emotion and is trying to cope and 'survive' the ordeal. Like with a lot of Maynard's songs, even objects described in detail are usually part of a symbolic theme, not a literal reality.

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