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Roger Clyne & The Peacemakers – Bottom Of The Bay Lyrics 1 year ago
I may be way off, but this is my take.

I get the sense that Roger is reminiscing about his past experiences in The Refreshments and how they transformed into the Peacemakers.

The first verse refers to how the Refreshments were dropped by their record label and how he and P.H. felt "marooned" (Marooned…?Weren't we?). Roger, perhaps feels that he might be to blame (Did I somehow lose my grip?).

The chorus, is a general statement about their rise and fall and how they were once in the limelight and their songs made the ladies swoon, till it was all taken away.

It's the second verse that I get the sense that the "we" he's writting about is P.H. and himself . "We rum'ed and STRUMMED and DRUMMED up our own treasure" is a pretty strong clue of how Roger and P.H. created the Peacemarkers on an Independent label.

The last verse pretty much sums up how they, almost by accident, fell back into the limelight. They're once again making the ladies (sirens) scream and how they themselves are back to living the dream.

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