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Live versions appear on Live at the Bass Performance Hall (2008) and One Man Show (2012)
WEBMISTRESS speculates:
Lindsey has said that this song is about realizing that something he was holding onto was an impossible dream, and that after a fight with his wife, he realized he needed to let that dream go. He realized that he needed to cast it away and make the best of what he had... "dancing" on the disappointment, turning it into something positive.