Lyric discussion by Auraomega 

Cover art for Adrift lyrics by Crüxshadows, The

I feel this is a reference to Odysseus;

"I don't want to be here I don't need to be here"

Makes me think of when he was trapped in the cave of Polyphemus...

Pretty much the rest of the song appears to be troubles at sea, which was invoked by Poisedon. I guess the "I drew regret with a dull blue pencil" is just a poetic licence towards the troubles at sea again, or possibly a reference to the object used to blind Polyphemus previous to their escape, which in turn caused many problems for their return journey.