could it be the Water Lily (words by Henry Lawson) - Slim Dusty sang a few Henry lawson poems that he or others put to music


       A LONELY young wife
       In her dreaming discerns
       A lily-decked pool
       With a border of ferns,
       And a beautiful child,
       With butterfly wings,
Trips down to the edge of the water and sings:
       'Come, mamma! come!
       'Quick! follow me—
'Step out on the leaves of the water-lily!'
       And the lonely young wife,
       Her heart beating wild,
       Cries, 'Wait till I come,
       'Till I reach you, my child!'
       But the beautiful child
       With butterfly wings
Steps out on the leaves of the lily and sings:
       'Come, mamma! come!
       'Quick! follow me!
'And step on the leaves of the water-lily!

       And the wife in her dreaming
       Steps out on the stream,
       But the lily leaves sink
       And she wakes from her dream.
       Ah, the waking is sad,
       For the tears that it brings,
And she knows 'tis her dead baby's spirit that sings:
       'Come, mamma! come!
       'Quick! follow me!
'Step out on the leaves of the water-lily!'

freda