The Wizard Lyrics

Lyric discussion by Gvim 

Cover art for The Wizard lyrics by Black Sabbath

I think xl5ron has the right idea. this song is about a Wizard being a valued member of a community - the people look to him to protect them from evil spirits. Everyone is happy when he walks by because the demons fear/respect him. Unlike Gandalf - a commanding figure who leads an epic fight against evil - I picture the wizard in this song as more of a village priest who is loved by the superstitious medieval people. Some Orthodox Christians still believe that the sound of a bell can disperse evil.