The song reflects the feeling of loss and memory of a deceased loved one.
Despite the loss, memories of happy moments and carefree times under the pink sky endure.
It addresses the pride and dedication of the deceased towards the children, and that he would be proud of them even if he may not fully understand their path.
The song offers comfort and the idea that the deceased rests in peace and watches over the family.
Overall, 'Pink Skies' reflects the complex emotional world surrounding the death of a loved one, including memories, loss, pride, sorrow, and comfort.