Lyric discussion by Fagtron 

Cover art for Precious lyrics by Cap'n Jazz

Sounds to me like he's singing about he's changed and gotten older: "I watch myself in the fish tank mirror in the corner." and how he's seen the world around him change. "All the fish died for Friday's fish fry." possibly expresses his feeling about wars or problems around the world; world leaders have a grand plan for power and control(Friday's fish fry), but they need people to make it possible (fish). Unfortunately those people are going to have to die to ensure that the plan succeeds to satisfy the leader's thirst for power. In the end the only person who gained anything is the leader who knew the people (fish) would die. "I'm watching a sunken ship." could represent how he feels when he sees powerful individuals failing every day and dragging everyone else down with them (Say an individual from one ethnic group wrongs another from a different ethnic group, the ethnic group that has done wrong is automatically labeled and everyone in that group is labeled as well); he feels he can't stop it. "One Sunday, like a likeable bully, he pulls to a picnic and builds a fire. December embers trickle up, set roots in soil sky as January's stars." this may represent how he feels the years all blend into one, the same stuff every year, never changing.