Watching snow fall, the speaker thinks about someone who isn't there. Each stanza follows the snow through a different stage: first it falls in shifting speeds, from gentle drifting to a near hurricane, then suddenly stops. Next it changes, turning pearly and innocent, and finally it hides things, bringing a quiet that stirs up memory.
The feeling underneath is longing. The speaker says outright that they wish the other person were here, and imagines their warmth against a "feverish body," which suggests restlessness or an ache that is almost physical. The snow's silence feels peaceful, but it also leaves room for nostalgia to creep in. The repeated "Over. And over. Again." makes the memories seem to loop like the falling flakes.
The mood is hushed, wistful, and a little lonely. The poem ends without comfort: the snow keeps covering the world, and the speaker is still yearning.