Sorry if there is already a thread on this, or if it's in the Trad, no search function for me today.

This is a kind of sea chanty, I think, I have it by the Clancy Brothers, but what is it ABOUT?

CHO: She didn't dance, dance, dance
She didn't dance at all today
She didn't dance, dance, dance
No, nor yesterday
Dance her up and up and up, dance her up in the sky
Dance her up and up and up and up and she'll be gone, bye bye!

She was like a lady, she was like a queen
She was like a lady, (something something something?)
CHO
and then I can't remember the rest.

Is it about being becalmed?