Lyric discussion by chx75 

Cover art for Empire lyrics by Of Monsters And Men

They are singing the volcanoes of Iceland. The volcanoes watch as the forces of nature compete against each other and each climate favors one or another. But when the time has come, the volcanoes will go full force regardless of weather and dominate the scene. And they fill the holes of mountain with golden molten rock, paint the hill with black ashes. When time is for becoming inactive again, the hills grow vegetation and hide the volcano with its "hair". Volcanoes can create islands, which may be what they mention as an Empire. A bound piece of land one or two can rule, can have for their own.

My Interpretation