Lyrics:

We run along easy at periscope depth
Sun dappling through clear water
So went the dream of the drowned submariner
Far away from the slaughter

Your hair is a strawflower that sings in the sun
My darling, my beautiful daughter
So went the dream of the drowned submariner
Cast away on the water

From down in the vault, down in the grave
Reaching up to the light on the waves

So she did run to him over the grass
She fell in his arms and he caught her
So went the dream of the drowned submariner
Far away on the water
Far away on the water