I think the song is about dreaming. The first verse indicates nightfall, going to bed, falling asleep and entering the dream phase of sleep.
'Close to home, feeling so far away' to me, means at home, in bed asleep, yet the mind is in another world (the dream).
The second verse and the bridge talk about the dream and the mind looking for the memories from childhood and teen years stored away.
To me, third third verse is about waking up and remembering the dream and returning to waking life. The sleeper realises they are home and never really left, but they know it was a dream.
I think the song is about dreaming. The first verse indicates nightfall, going to bed, falling asleep and entering the dream phase of sleep. 'Close to home, feeling so far away' to me, means at home, in bed asleep, yet the mind is in another world (the dream). The second verse and the bridge talk about the dream and the mind looking for the memories from childhood and teen years stored away. To me, third third verse is about waking up and remembering the dream and returning to waking life. The sleeper realises they are home and never really left, but they know it was a dream.