Lyric discussion by coloured_chalk 

Cover art for Old Pictures lyrics by Something For Kate

This seems like the story of something terribly important being lost. Perhaps a loved one. In my opinion it's about a point where that thing is remembered in (im just guessing here) maybe Paul's mind. The last powerful memory of a time long past that will never leave the mind and is reflected upon again and again in the heart and the mind. Whatever it is, it's a very powerful, inspirational song that I can relate to so deeply that it scares me.