It's about a psychedelic experience where the "light in the sky" is an awakening to another consciousness. "Day into night" is passage of time during the experience. "Out the sea, paralyzed" is the feeling of no control, just along for the ride. "All I see is your eyes" is gaining insight into your subconscious view of things. "My funeral pyre" is the death of the ego. "My ship of fire" is the old perspective burning down. "As it sinks, I rise" is the birth of a new perspective and a new outlook of things.
It's about a psychedelic experience where the "light in the sky" is an awakening to another consciousness. "Day into night" is passage of time during the experience. "Out the sea, paralyzed" is the feeling of no control, just along for the ride. "All I see is your eyes" is gaining insight into your subconscious view of things. "My funeral pyre" is the death of the ego. "My ship of fire" is the old perspective burning down. "As it sinks, I rise" is the birth of a new perspective and a new outlook of things.