I can't believe no one has commented on this beautiful piece by the Sea And Cake. What I think the song means is that the lead singer is basically expressing a failed relationship with somebody, wherein they used to Walk down rainy streets together with the Parasol, and when the relationship comes to an end the lead singer is expressing how he feels like a "Ghost of this" He feels kind of bad for breaking it off with the girl, and in the end he has come to terms with his lost relationship as he says "Well I lost some.... yeah" This means he is now at peace.
SVTristanon August 08, 2007 Link
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