The story of how this girl fell in love with a black sheep and spent her life riddled with the grief of losing him. With brightly coloured rainbows, skulls, and sheep this tale illustrates how conflicted life is when one has deep empathy for an 'other outsider'.
"So the story goes..." suggests maybe this isn't the true story, or there is another reality hiding behind this narrative. "She never let him go" the lyrics say, "Until his skull fell on her toe". The story ends with ironically more pain.