Lyric discussion by JohnathanGregoryStone 

WOW you people have a lot of sadness in your lives. The song is actually about a ship. Old and worn from years of servitude to humanity. Stripped of everything that is worth anything, even her bell. Towed out to deep water and scuttled. In her final hour, She quietly calls out to the heart of a man who now stands upon the deck of another ship. A man who has served her every need for most of his life. A man who caries the memory of nearly every other man who was ever broken upon her deck or built up and made strong. And the powerful memories of men who died or were lost to the sea in servitude to her. A man who has come to love her every timber, bow to stern, port to starboard. And in their final hour together, he is powerless to do anything else but watch her slip beneath the waves to her final resting place, her soul heavy on his heart. Bow his head.

And sail away.

@JohnathanGregoryStone Not true. It is a song about despair. From the songwriter David Pack, of Ambrosia fame:

“People often tell me that "Oh Life" is one of their favorite songs. I performed it live once with my dear friend & co-writer Alan Parsons at The Greek Theatre benefit for "Children of Bosnia," and someday I intend to release that powerful version (Simon Phillips on drums!).

The lyrics were based on a true story and didn't come to me until I was in England in the '90s to work on Alan's final Arista L.P. Try Anything Once....