It's more or less about Jackie Fisher, the admiral who led the Dreadnought revolution and dominated the Royal Navy in the run-up to WW1. It's also about growing old and having regrets about life. The last verse is just heartbreaking:
Now just like you I've sailed my dreams like ships across the sea
And some of them they've come on rocks, and some faced mutiny
And when they're sunken one by one I'll join that company
Old admirals who feel the wind, and never put to sea
It's more or less about Jackie Fisher, the admiral who led the Dreadnought revolution and dominated the Royal Navy in the run-up to WW1. It's also about growing old and having regrets about life. The last verse is just heartbreaking:
Now just like you I've sailed my dreams like ships across the sea
And some of them they've come on rocks, and some faced mutiny
And when they're sunken one by one I'll join that company
Old admirals who feel the wind, and never put to sea
[Edit: line breaks]