The song begins by posing a rhetorical question: Is it right for old times to be forgotten? The answer is generally interpreted as a call to remember long-standing friendships. (ElectricScotland.com.)
We just recently celebrated the birth of Jesus. He came to give us new birth (1 Peter 1:3 [2-4]).
As followers of Him we are no longer regarded as enemies, but friends. And we are to remember Him by partaking of the bread and wine until His return.
"For as often as you eat this bread and drink this cup, you proclaim the Lord’s death until He comes." (1 Corinthians 11:26 BSB)
