Elizabeth dreams of the day when the way
   That I looked at her made her feel she was real
   Elizabeth dreams of the time she was mine
   When she didn't need any more, she was sure
   She was sure
  
   Out of sight, by candlelight
   And sea green, and see green horses
   I said she's out of sight by candlelight ??
   And fairy, fairy stories
   Elizabeth is not what she seems
   Elizabeth dreams, Elizabeth dreams
  
   Elizabeth dreams, holding fast through the past
   When a morning was something new, flowers grew
   Elizabeth dreams but it's late and she's waited too long
   And tomorrow goes, now she knows
   Now she knows
  
   Out of sight by candlelight
   And sea green, and sea green horses
   I said she's out of sight, by candlelight
   And fairy, fairy stories
   Elizabeth is not what she seems
   Elizabeth dreams, Elizabeth dreams
   Elizabeth dreams
  
   Elizabeth dreams, Elizabeth dreams
   Elizabeth dreams