Down by the Water Lyrics

So, this song was just released for download today by The Decemberists
themselves, and it blew me away. I've listened to it now a total of three
times (about to be four to double-check the lyrics).
It just now occurred to me it would be a lot of fun to learn, so I picked up
my classical and went at it. It's in Em, and the chords you're going to
want to grab are here (God, being in music school and majoring in jazz has
made me hate tab... here they are in not-tab and relative chord fingering
to make me feel better)
D |x-x-0-2-3-2| or D/F# |2-x-0-2-3-2|
C |x-3-2-0-1-0| or C/G |3-3-2-0-1-0|
The inverted chords are to taste. They fit (obviously) within the song's
progression, and you can add them if you want to. I play the F# in the D
major chord (really it's just a triad with doubled notes) with my thumb.
I'm taking the lyrics from the unregistered chord sheet on this site for
ease of use, but I'm changing the chords since, well, they were wrong. (Note
on the intro, I made it like a lead sheet you'd see in a jazz band: The
upward line is a bar line, the slashes are the same chords based on
rhythm/spacing. The Em is played in the same rhythm as the chords before it,
but the D major chord is played as two staccato quarter notes; you'll hear
it in the song)
Lines in parentheses are words I can't quite make out.
See this ancient riverbed
See where all the follies led
Down by the water, (and) down by the old main drag
I was just some towhead teen
Feelin' 'round for fingers to get in-between
Down by the water, down by the old main drag
The season rubs me wrong
The summer swells anon
So knock me down, tear me up
But I would bear it all broken just to fill my cup
Down by the water and down by the old main drag
BREAK
(Sweet to send this reveler 'round)
the pretty little patter of a seaport town
Rolling in the water and rolling down the old main drag
All dolled up in gabardine
The last flashing (lead) to appear nineteen
Queen of the water and queen of the old main drag
The season rubs me wrong
The summer swells anon
So knock me down, tear me up
But I would bear it all broken just to fill my cup
Down by the water and down by the old main drag
BREAK/SOLOS
The season rubs me wrong
The summer swells anon
So knock me down, tear me up
But I would bear it all broken just to fill my cup
Down by the water and down by the old main drag
OUTRO/CODA
Down by the water and down by the old main drag
Down by the water and down by the old main drag
(There's a ritardando in the last line, you'll hear it)
Well, that's their latest song!
Like I said, totally blew me away, hope you guys have fun with it.