The impressed singer, his ship ready to sail, hopes his girl will be safe. The girl laments the departed youth; the father is glad her is gone. Her love returns after seven years. The father offers her money not to marry him, but they are married anyway
There are several songs on this theme, but this doesn't quite seem to match any of them. Several early verses are found, almost verbatim, near the END of some texts of "The Lowlands of Holland." It's almost as if someone took the end of that song as the starting-off point for this. - RBW