The song is from the perspective of a man who has lost his lover.
There was a girl once, who'd lost her lover to the queen under the hill.
Both feature male protagonists who lose their lover to a violent death, then later believe they have been brought back to life.
She need not lose her youthful lover at all.
"My Katharine will never lose her lover to the press gang then!"
A young woman is likely to lose her lover, if she dreams of eating oranges.
However, the reverse of this experience was reported to me by a woman who lost her lover in a drowning accident.
How have you handled the physical frustration of losing your lover?
When left alone with the girl, she tells him a story about a woman she knows who lost her lover during the war.
So the girl gained a new coat but lost her lover.