A reflection on the cycle of innocence, experience, and the way each generation discovers the same truths anew. Despite sounding autobiographical, Peart explained it was intended as a universal statement about the tradeoff between youthful naïveté and hard-won wisdom.
The arrangement builds steadily, with the wheel metaphor reflected in the circular musical structure. It's one of the album's more contemplative tracks, providing a thoughtful counterpoint to the more energetic surrounding songs.
The theme of life as a wheel of fortune connects to the album's broader exploration of chance and destiny — we ride the wheel, sometimes up, sometimes down, but always turning.