This is (to me) great example of the visual storytelling ability of many of the earlier Genesis songs. It has a rather Grimm's feel to me, in that the storyteller is describing a traveler who chooses a poor night to sleep outside and is encased by an unexpected winter snowstorm and subsequently dies during the night from exposure. The local children arrive in the morning to play, ("here they come to play their magic games") only to discover a "snowman" on their playground. What follows is something best left to the imagination ('Here in a ball that they made/ From the snow on the ground,/ See it rolling away/ Wild eyes to the sky") or within the confines of a horror movie scriptwriter's mind. The score is gentle and soothing, but the story is anything but...
*räusper* Nunja, kann man natürlich in den Text reininterpretieren (so wie man vieles in alles reininterpretieren kann). Aber für mich fällt diese Interpretation eher in die "man kann sich auch vieles schön reden"-Kategorie...