I know I’m about 20 years late to this, but this thread is still the first result on Google when you search “Any Dream Will Do Interpretation” so I thought I’d add my 2 cents.
I thought of it as a song version of the short story “The Egg” by Andy Weir (which was also released after this thread but gets some inspiration from much older religion/philosophy) (here’s the story in text or the video version if you want to watch it).
Basically, when “you” die, your soul/consciousness returns to its most essential state, and you have a conversation with God. God tells you that “you” aren’t just the person who died, “you” are and will be every single thing that has ever lived and will ever live, and will be reincarnated into every possible form (for various reasons but that part is less important). This mortal coil was just the latest in a long line.
I closed my eyes, drew back the curtain
He died, and came to this purgatory/liminal space where the conversation with God happens
To see for certain, what I thought I knew
He always had an inner sense/intuition about reincarnation and the unity/non-duality inherent in all things, but now it’s been confirmed.
Far, far away, someone was weeping
A faint notion of the sadness of his loved ones at his passing, or maybe a premonition of the baby he will be born into crying as they are born (I admit this is a very loose interpretation of reincarnation but it fits the song)
But, the world was sleeping
He’s in that purgatory/liminal space/abyss, the world of existence might as well be asleep to him.
I wore my coat with golden lining
This mortal coil/body/costume etc.
Bright colors shining, wonderful and new
And in the East, the dawn was breaking
And the world was waking
Seeing existence again in all its beauty, as if it’s the first time
A crash of drums, a flash of light
My golden coat, flew out of sight
The colors faded into darkness
I was left alone
Death, and his departure back to that purgatory/liminal space/abyss.
May I return (may I return), to the beginning (ah-ah-ah)
The light is dimming (ah-ah) and the dream is too
The world and I (the world and I), we are still waiting (ah-ah-ah)
Still hesitating (ah-ah)
Any dream will do
He wants to go back and take on a new life (dream), and any new life will do (why? Don’t know, perhaps the idea is any existence is better than this or leads to the truth/reality and one must live all these lives to get there).
I know this has very little to do with the story of Christ or Judaism, but it was just a partial intution. Also Hinduism/Buddhism/general Eastern philosophy was very prominent in the 60s so maybe ALW got some inspiration from that. Who knows.