Sparrow's Fall Lyrics

Lyric discussion by Stewartxo 

Cover art for Sparrow's Fall lyrics by Converge

Ehm, excuse my stupid question but... English is not my mother tongue and I've got a real problem with the line "his precious held life long dreams" ... I mean I can't even identify subject and predicate ...my english is not really great but this is quite a lot:D I'm really lost... "his precious held"? the word "precious" is suppose to be an adjective, isn't it? so how could it be connected with the "his" and "held"? Thanks!