Although the song remains a personal favourite among many of the band’s followers, the song has only been performed live a handful of times.
This includes this performance from 2005, possibly the best quality live version available:

The song can be viewed as a reflection to better times in a relationship, when he was still “Dreaming of those dreamy eyes” (one of the most poignant of Flowers’ many lyrics), but how Flowers now realizes their relationship is in trouble. However, he repeats the phrase “Everything will be alright” as a mantra, to help him through the rough patch they’re experiencing.

The emotional attachment may also be a contributing factor as to why the song is not performed live very often, as well.