Ernest Tubb's song "I'd Like To Live It Again" tells the longing and reflection of a person who wants to go back in time and relive their life. The lyrics express a desire to relive both the good and bad times, embracing all the ups and downs of life. The singer reminisces about the moments of joy, with singing, dancing, and celebrating, as well as the moments of heartbreak and mistakes. They express an appreciation for all the experiences, from laughter to tears, and a wish to experience everything once more. The lyrics also hint at a sense of regret and awareness of certain things in the singer's life that they believe they should change. However, even with this acknowledgement, they question whether they would truly alter anything if given the opportunity. Overall, "I'd Like To Live It Again" conveys a nostalgic and contemplative tone, capturing the complex emotions of reflecting on one's past and the desire to relive it, with all its highs and lows.