Two people lie in bed at night, talking quietly about their modest, careful way of living. From that ordinary starting point, the speaker drifts into a daydream: what would I do if I were a knight? The answer is oddly gentle. There are no battles or quests, just keeping hope alive that they might save "something from time," and then slipping out alone to the garden.
The strange last lines, where the speaker will "see East India" in the garden and meet it "tomorrow in bed," seem to blur the edges between real and imagined places. A faraway, exotic land becomes something reachable from a bed or a backyard. The mood is intimate, drowsy, and a little playful, the way thoughts wander when you're half asleep. Judging by the imagery, the poem suggests that even a thrifty, small life leaves room for wonder, and that closeness and imagination can stretch an ordinary night into something larger.