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If you listen to the "dramatic reading" version of the song on Inches, it's pretty clearly about the captain of a submarine who carelessly kills his entire crew and is court-martialed into a public execution, by guillotine.
If you listen to the "dramatic reading" version of the song on Inches, it's pretty clearly about the captain of a submarine who carelessly kills his entire crew and is court-martialed into a public execution, by guillotine.