The lyrics describe a story where the singer attends a Grundy County Auction and becomes infatuated with a woman he sees there. He is torn between his rational mind, which advises caution, and his heart, which urges him to bid on her. The singer praises the woman's beauty with descriptions of her physical attributes like ruby red lips, blonde hair, and blue eyes. Eventually, he plucks up the courage to bid for her, and the auctioneer announces that she's sold to him. The singer expresses his happiness at finding love through this unusual encounter and reflects on the serendipity of the situation.
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