Everything's gonna be allright

Alright-is the word of no regrets, is the word I should forget cause nothing is alright

Alright are miracles and teddybears and princes on horses

Alright are sunny days and simple ways of true love, of true love

-but everything else is wrong

Alright-is the word of great perfection is the word of true affection but nothing is alright

Alright are candybars and barbecues and princes on horses

Alright is a love shade and nothing's late for true losive for true love

-but everything else is wrong

I was once alright I was once alright I was once alright...

Alright-is the word of no more pain is the word turning mad to sain but see nothing is alright

Alright is sincerity and honesty and princes on horses

Alright is a fairytale a damn fairytale of true love of true love

-and now it sounds so wrong

Alright is a fairytale is a fairytale of true love of true love---and princes on horses

Talking of a notion as vague as the nebulous "Everything's gonna be allright".

It seemed to me most likely to be dealt with in a song. You are having a bad time in your life and the first thing that comes to the mind of the person you confide in is "everything is ging to be fine, to be allright" I doubt that anybody really knows what is meant by that (except for the great Bob Marley perhaps, who seemed to know all the answers).

Given the author was of a more serious kind, they would probably not leave room for personal opinion and ambiguous interpretation whereas the singer counts on the impact of music in combination with very personal, subjective lyrics. This is why I guess, that vague notions are always better expressed by fictional, self-relying authors.