The Water's Deep

As the song's lyrics gives us an idea, it's all about remembering the past, probably the early childhood days when things were simpler, cozy, freedom of mind, a happy, warm outlook towards life ...a sense of warmth within your chest as symbolized by the opening lines "Sunbeams colored me golden brown". "Handstands in the grass" suggest childhood memories, "shadows" (plural) gives us an idea that the person reminiscing her past remembers some people who were in her life, childhood friends maybe, her childhood love or anyone else. She recalls how it used to be. Now, contrast it what she is experiencing now. Feeling the music is very important when one listens to this track.

Now it's all the past, some distant past that she is being nostalgic about. "The Water's Deep" symbolizes what the world feels like to her now, like an ocean or a river, deep and cold (cold feeling comes from the music) and she dived in into it, she had to, she grew up, things changed, she had to "dive in". Now using the power of her memories, she is reliving those moments she adored which is symbolized by the line "I caught my breath as I emerged beneath the sun". She is tired, cold and wants to end everything and probably just die ( I don't want to breathe" and she asks someone (maybe God or maybe her father or mother who are no longer with her in her imagination) as a young child would do, oblivious to all the grief, pain and suffering the cold and bitter world has to offer, and who calmly goes to sleep knowing that it's a sweet feeling to be sleeping that everything will be fine the next day he'll wake up.

She is feeling broken and tired, the "child" inside her is scared and she is "asking" God or her "parents" is "it will be like sleep".

There is a lot of sweet pain in this song if you pay close attention. A beautiful song.