The first two verses of this song borrow from the parable of the wise and foolish virgins, (Matthew 25: 1-13), with a direct quote from 25:13.   The last verse refers to the crucifixion.

Watch ye therefore you know not the day
When the Lord shall call your soul away.
If you're laboring, striving for the right
You shall wear a golden crown

Don't be like the foolish virgins then
For he's coming, and you know not when
Have your lamp soaked, trimmed and burning bright
You shall wear a golden crown!

They took my blessed savior, nailed him to the tree
Hear the hammer ringing, cried out victory
From his wounds the blood come streaming down
Won for me a golden crown