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Once a jolly swagman camped by a billabong
Under the shade of a coolibah tree,
He sang as he watched and waited 'till his billy boiled
You'll come a-Waltzing Matilda, with me

She'd never wanted for anything in life. The world had been open and free, with whatever dresses and shoes and ribbons and sweets and toys that she wanted. It'd been beautiful and wonderful. Everything had been perfect. Even when her father brought home his bastard son and split the family in two, it was still fine. Katarina was, as she always was, free to live her life how she pleased.

Down came a jumbuck to drink at the billabong,
Up jumped the swagman and grabbed him with glee,
he sang as he shoved that jumbuck in his tucker bag,
you'll come a-Waltzing Matilda with me

It all came to an end the second that worthless idiotic commoner arrived in her life. No matter what Katarina did, she always bounced back. Men wasted money on her, women were so desperate to befriend her, it became like Katarina was the lone source of sanity left in the world. It always swung back to that damnable girl, who seemed to be sweeping the world out from under Katarina's feet. She didn't get it. The commoner looked, sounded and acted like an animal.

Up rode the squatter, mounted on his thoroughbread,
Up rode the troopers, one, two, three,
"Whose is that jumbuck you've got in your tucker bag?
You'll come a-Waltzing Matilda with me."

They want to judge Katarina. That arrogant, thieving, pathetic commoner animal, wants to judge Katarina. They all say she's overstepped herself, as if some random commoner has more rights than a damn duchess. Within minutes, the Prince has stripped her of her title. Katarina feels the weight of the knife hidden in her pocket. If she is to be exiled... Then what is one more crime? Best to kill the animal now, before it ruins more lives.

Up jumped the swagman and sprang into the billabong.
"You'll never catch me alive!" said he
And his ghost may be heard as you pass by that billabong:
"You'll come a-Waltzing Matilda with me."