Photographs and Memories
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The speaker is looking back on a love that has ended. At first, the memories bring them back to happier days, when the relationship felt close and full of promise. The repeated reflection on their good times shows affection and gratitude, but the ending emphasizes loss: now the speaker has only reminders of the person.
Photographs and Christmas cards are concrete objects that stand in for a relationship that is no longer present. โMemories that come at nightโ suggests that thoughts of the past may feel especially strong in quiet, solitary moments. The line about no dream surviving implies that the coupleโs hopes for the future did not come true; it need not mean that every good part of their time together was false.
There is a tension between the speakerโs warm recollections and their difficulty accepting the separation. Saying โit just canโt be trueโ sounds like disbelief or emotional shock, rather than a literal claim. The song does not explain why the relationship ended or whether the speaker hopes to reunite. Its sadness comes partly from that uncertainty: love and happy memories remain, even though the shared future seems to have disappeared.