I finally figured out how to play this on guitar instead of piano as it's constructed here (it's in a different tuning -- drop C, CGCFAD which is also what Nirvana's "On a Plain" is in)
I think it's Faces' greatest song, from among many candidates -- Rod Stewart basically isn't on it, he's barely on this album TBH -- it was written and sung by Ronnie Lane.
You might read this if you want a deep dive/interpretation: https://oneweekoneband.tumblr.com/post/3776097665/faces-glad-and-sorry-when-they-reconvened-to
āCan you show me a dream/Can you show me one thatās better than mine/Can you stand it in the cold light of day/Neither can I.ā
This is the bit that really gets me, everytime. "Even when we try our best to share each otherās dreams, bare our souls, give up our inmost thoughts, even when we intend to stand shoulder to shoulder and face the world, building something new togetherāthereās always a point at which it falls apart, and despair creeps in, and itās all gone past recovery... Itās that cold, hard recognition as the morning dawns and all my stupid fantasies of achievement, of desire, of love, scurry away into the shadows. Another one gone, how many more left to live?"
Songwriting is magical and this one has "it."