It's freezing, and my heart is warm.

The first part: it's freezing in the cold, and my heart is warm.

Bottom line: the mountain is high, the water is deep and the moonlight is cool.

The first part: it's freezing in the cold, and my heart is warm.

Bottom line: high wind, deep water and cold moonlight.

The first part: it's freezing in the cold, and my heart is warm.

Bottom line: the mountain is high, the water is high and the autumn moon is cold.

The first part: it's freezing in the cold, and my heart is warm.

The second part: the wind scares the night and the moonlight is cold.