"Alice! A childish story take, And with a gentle hand Lay it where Childhood dreams are twined in memory's mystic band," encourages cherishing and preserving childhood dreams and stories in our memories. It suggests that these dreams and stories hold a special, almost sacred place in our hearts, connecting us to innocence and wonder from childhood, much like a treasured keepsake or a sacred relic.

The poem likens these childhood memories to a "pilgrim's withered wreath of flowers," symbolizing something beautiful but fading over time, yet still precious. It emphasizes the importance of holding onto these memories, which are like distant, exotic flowers plucked from a far-off land, suggesting that they are rare, cherished, and part of a mystical, timeless realm of childhood innocence.