please pm me when you've all sorted this one out.

Remember the meaning of life is 43 and work backwards.

I think by AL Loyds description of the creation of a folksong, most of the stuff herein discussed wouldn't really rate as folksongs.

As I remember you had be to talking about YOUR life, and then holding the words to your bosom and honing them to perfection.
And then your local community should be going, bugger me he's immortalised us in song, or some such.

I think maybe songwriters should try and write something which they find satisfying, and hopefully which entertains - but that second bit is optional. If someone is ungenerous enough to award it the status of folksong - it usually just means how ever popular it is, you won't get paid for it.