The finest clothes turn into rags
And she's cautious all day long
Any leak in the boat
Can be plugged with her tattered silk
Peril sneaking in
Be alert and prepare for crisis

Beautiful clothes becoming worn out
Beautiful clothes becoming rags
She is on guard all the day
-- she is in doubt about something.
symbolizing Water and Peril
--she will be cautious and prepare for evil

This silken gown is tattered and torn
The girl is wearing rags
There is a hole in the boat
The water seeping in
Peril sneaking in
What was thought to be secure

The semblance of brilliant attire
The lowliness of ripped apart rags
She is on guard all the day
-- she is in doubt about something.
symbolizing Water and Peril
--she will be cautious and prepare for evil