Lyric discussion by asortofdream 

Cover art for Me lyrics by Paula Cole

The "golden ring of wisdom in my cave" is likely a reference to allegory of Plato's Cave. Essentially, Plato suggests that ideas (perception) rather than the material world that creates our sensory experiences defines our reality. It is the prerogative of the philosopher to show us who "me" is. Cole is not just being autobiographical, she is trying to show us who we are.

The phrases about "I'm not" is also reminiscent of shedding the ego in Buddhism. Cole is suggesting that killing the ego (the "me") is the greatest fear many of us have. However, abandoning ego shows helps us see what is really important in our lives: loving oneself and pursuing our passions. With self love and goal fulfillment, we are ready to love others.

I love the lines about the folded wings. The resting moth with folded wings seeks to blend in with its surroundings and therefore appears unremarkable. The moth that is fearlessly pursuing its life goals is beautiful and colorful.