From the album Everything Glows
This is magical thinking set to a beat. The speaker calls someone their good luck charm while describing dreams slipping away and wishing on dead constellations. The charm isn't working, but the more desperate things get, the harder they cling to the incantation itself.
Gold fire, sacred heart, a sad dance celebration
Three worship words followed by the word 'sad.' The speaker is performing devotion while naming its futility. This is prayer wrapped in disappointment.
Black clover growin' in a field of desperation / I wish upon a star, a dead end constellation
The speaker wishes on something they've already declared hopeless. 'Dead end constellation' means they know the wish won't work, but they make it anyway. That's the whole song in two lines.
Dreams slipping through my hands / Now they find me where I stand
The dreams find her standing still. She's not chasing them anymore. The good luck charm was supposed to make things happen, but she's stuck watching fortune dissolve.
Good luck charm, good luck charm, oh
The speaker never describes what this person has actually done or accomplished. No specific fortune, no problem solved. Just the label, repeated like a spell. The more it repeats, the less convinced she sounds.
By the end, 'good luck charm' stops sounding like gratitude and starts sounding like a mantra to ward off panic. The speaker would be surprised to realize she's describing not someone who brings her luck, but someone she desperately needs to believe brings her luck while everything falls apart.