I always thought about a submarine slowly sinking to the bottom of the ocean while listening to this song... then when a heavier part starts kicking in, I picture a flashback to when all the hulls started breaking... and the passages flooded with water
This EitS song is without peer and used to tremendous effect in two episodes of Friday Night Lights recently. Any fan of this band should really check that show out as they are featured practically every week.
I had a [nice dream] once where I was driving along the coastline in Alaska or somewhere, right near this vast, glistening glacier, and the soundtrack was the chiming guitar parts between about 1:00 and 2:29. Beautiful.