Waltz #1 by Elliott Smith is a hauntingly beautiful song that delves into themes of longing, melancholy, and inner turmoil. The lyrics navigate through a poignant landscape of emotional depth, exploring the complexities of love and heartache. With a wistful melody that carries an undercurrent of sadness, Smith's introspective songwriting speaks to the fragility of human connection and the pain of unfulfilled desires. Key moments in the song highlight the artist's delicate vocal delivery and his ability to convey profound emotion with simplicity and grace.