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I'm guessing this song is about how Joel feels about either the singer or the late guitarist for Break Even, judging from the line "And the boat sails on like you sang in your song", which is referencing the lyrics of November 18th by Break Even.
I'm guessing this song is about how Joel feels about either the singer or the late guitarist for Break Even, judging from the line "And the boat sails on like you sang in your song", which is referencing the lyrics of November 18th by Break Even.