But she silenced all my ramblings with a shake of her head
Drew me close and listen this is what she said now
You'll live to dance another day
Just now you'll have to dance for the two of us
So stop looking so damn depressed - sing with all your heart
The queen is dead
The message-giver in this song is in fact Lex, who is telling Frank that when she is gone he will simply have to 'dance for the two of us'. This vivid, achingly beautiful image is what the entire track hangs on.
Lex knows she is going to die, announcing prematurely that 'The Queen is dead'. She tells Frank in no uncertain terms to 'stop looking so damn depressed'.