In the Bible there is a story that the great prophet Elijah was taken up to heaven by a whirlwind after a fiery chariot and horses appeared to him and his fellow prophet, Elisha.

The singers of this song are saying they see another chariot, which is going to take THEM to heaven.

The crown, the robe and the golden slippers are things that folklore says we will enjoy in heaven.

(The song is religious, but is not actually very serious.)