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Bon Iver – A Song for a Lover of Long Ago Lyrics 9 years ago
I listened closely to the Hazeltons version and changed the verses on here a bit. This is how I interpret the scene of the first verse:

There's a wedding ring on the bar (he's taken it off), It's a figurative water mark (a leftover reminder like the water ring left from a glass on the bar)/ a literal watermark (a faint symbol). It reminds him of what he had (the relationship) and that he can't have it anymore.

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