In the cowslip pips I lie,
Hidden from the buzzing fly,
While green grass beneath me lies,
Pearled with dew like fishes' eyes,
...
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I think what he is saying is his body of clay he sees as a clock! I enjoyed this read, but was lost in the meaning of a few words.But it was a picture in itself.Very lovely
Cock-o'-clay is a ladybird (ladybug) . I assume it is related to the French word 'coccinelle'