The speaker meets someone in Skibbereen, a town in Ireland, and has been longing to share some news. That news is personal: they have found the "innocent boy" who still lives inside them, smiling with joy. It reads like a rediscovery of a gentler, more carefree self, and the speaker is clearly happy about it.
The second half moves to a conversation the night before, which the speaker calls "beautiful." The two are described as "true friends," and the speaker chooses not to name the person, though the listener will know who is meant. The "secret dreams" at the end are never explained, which leaves the poem open. We sense trust and closeness rather than learning any details.
The mood is warm, tender and a little hushed. The short lines and plain wording make it feel like a confidence spoken softly, and the title hints at something private that the speaker is glad to have shared with one person.