Lyric discussion by theworldsmiles 

Cover art for Down in the Valley lyrics by Head and the Heart, The

I think this song is about going out into the world and trying new things and realizing that you don't always have to go somewhere in order to be happy. He finds himself returning to the same places he has always been. He talks about the places he has never been but then says how he stays in the valley, which could be a sign of comfort. He is on his way back to where he started, meaning he was more happy where he used to be. Wishing he was a slave to an age old trade kind of hints at stability and the promise of something always being there for him.

That my somewhat happier interpretation. The sad one is that he is trying to get away and start a new life but ends up in the same old places he has always been. In the valley as in a low point in his life and whiskey rivers of course refers to drinking. No matter how much he tries to get a new life he cant.

Either way it is a beautiful song

i could not agree with you more u summed it right up!