In this deeply introspective tune, Leonard Cohen conveys a sense of letting go and moving forward, albeit with a touch of melancholy. He uses the metaphor of 'traveling light' to express his decision to leave behind past relationships and experiences that may have caused him pain or held him back. Despite acknowledging feelings of regret and loneliness, he also finds solace in knowing that he isn't alone in this journey. The repeated references to 'the me and you' suggest a longing for lost love or friendship, yet there's acceptance that some paths inevitably diverge. Ultimately, it's a poignant exploration of loss, acceptance, and the resilience of the human spirit in moving forward.
