Listen as the crowd would sing
Now the old King is dead, long live the King

from Coldplay – Viva la Vida Lyrics on Rap Genius

Meaning

These lines refer to the traditional European proclamation “the king is dead, long live the king!” — which denotes the ascension of the new monarch.

Thus the narrator reminisces about the very beginning of his reign, as well as the temporal nature of kingship (king one day, gone the next).

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