The song begins with Dylan describing a woman who is "like a cat in the dark" and a "mountain stream that flows into the sea." He uses these metaphors to convey a sense of mystery and wonder about the woman and her relationship with him.
Dylan then goes on to contemplate the nature of time and how it shapes our experiences. He sings, "Time is an ocean, but it ends at the shore" and "You don't know what you got till it's gone." These lyrics suggest that we often don't appreciate the things we have until they are lost, and that time is a precious resource that should not be taken for granted.
In the chorus, Dylan repeats the line "Ain't it magic?" This refrain emphasizes the sense of wonder and awe that he feels about life and the world around him. He is struck by the beauty and complexity of existence, and he sees magic in even the smallest of details.
The song concludes with Dylan expressing his desire to find meaning in his life. He sings, "I'm lookin' for a miracle," and he asks, "Is it in the wind?" These lyrics suggest that he is open to the possibility of discovering something greater than himself and that he is willing to search for it, even if it means facing uncertainty.
Overall, "Magic" is a song that invites listeners to reflect on the nature of reality and their own place in it. It is a celebration of the beauty of life, the power of love, and the search for meaning in an ever-changing world.