Lyric discussion by SMUSER17627129 

Cover art for Clara lyrics by Punch Brothers

I always thought this song was Chris talking about his unborn daughter. This song is basically just one big dream and the potential of love and he's just imagining what his future might be like with his unknown wife and child. He's waiting for the day that he meets them both, and he admits it may never happen, but he realizes that until he's found peace and love within/for himself, he won't find his true love and perfect family.

"Go back to sleep my daughter Go back to sleep my wife I'm waiting for you there"

these 3 lines are him letting the dream or wish go, and he is waiting for the world to bring them to him at the right time.

Also the line:

"Clara once upon a time your mother didn't love your father the best but he made believe that she did and one day it was true"

This is him talking about manifestation, or as more may be familiar with it as the law of attraction, which in this line he describes one of the steps to making your dreams come true, which is visualizing, or acting as if. He wants the woman he loves to love him too, and to want a family and one day she does. This is still all a twinkle in his eye though, and in the end just a wistful string of thoughts put into a beautiful song.

I saw him play this song at a show and he said it was about his future daughter or possibly Clara Bow, he was being coy, but that was all he said about it.

My Interpretation

Now, to interpret the Clara Bow perspective:

If you look into the history of Clara Bow and her family you will also find that this song tells the story of how Clara's mother was told not get pregnant again, because both of her previous children died in their infancy, shortly after each of their births. Clara was then born, and she obviously lived, but this song is told from the fathers perspective. He is wishing for her to be born and to be safe and sound as well as the mother, who he dearly loves, but she does not care...