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Note how our shadow, note Movitz mon frére,
[how] it’s being enveloped by darkness.
How the gold and Tyrian cloth, in that shovel there
are transformed into gravel and tatters.
Charon waves from his roaring river
and then, three times, the gravedigger himself [waves],
never again will you squeeze your grape.
Therefore, Movitz, come help me arch
a gravestone over our sister.
“Bommen” means a tax collection gate, where road taxes were collected
“Purpur” refers to cloth dyed Tyrian Purple, i.e. the most expensive type of cloth imaginable. The “shovel” is the gravedigger’s shovel.
“Lustiga lag” would refer to a jovial party or gathering, but “lag” can also have a connotation of being pickled in alcohol, which would make sense for this drunken bunch! The song ends with a bittersweet line that indicates the end of their fun times together, and yet then concludes with an exhortation to go on with the drinking.