I think he sings about a girl, which was in the croud, when he has played a show in Alesund. So i believed, there would be a song where Kozelek sings : "I couldn't place a thought, without you being so near." but this isn't the case. So I still do not know what exactly this song is about.
But it's so atmospheric and wonderful.
"no, this is not my guitar, I'm bringing it to a friend...." man, those first lyrics of the album are just beautiful and heartbraking at the same time. clearly THE album of the year so far. thank you so much, Mark Kozelek!