Actually, it's a love song from Bilbo Baggins to Frodo, set roughly a hundred years after the end of the "Return of the King." The line, "You on a shore, across the point" is in reference to Bilbo watching Frodo depart for the Undying Lands from the Grey Havens on a white ship. Unfortunately, Frodo fell overboard and was drowned and then eaten by crabs, and Bilbo is sad.
Actually, it's a love song from Bilbo Baggins to Frodo, set roughly a hundred years after the end of the "Return of the King." The line, "You on a shore, across the point" is in reference to Bilbo watching Frodo depart for the Undying Lands from the Grey Havens on a white ship. Unfortunately, Frodo fell overboard and was drowned and then eaten by crabs, and Bilbo is sad.