Yes...I too would translate "éalaigh" liom as "elope" or "come away" with me, and that's how I've usually seen it spelled in this song.

I've never seen "éiligh" (meaning demand, claim require) used with "le"..so would therefore conclude that "éalaigh" is the word intended.

JTT - here's another:

""Are you Sure?" by Neil McKinchey...(geddit?)

Slán!
D