I can only hear the lyrics of this song as a love song to Jesus who came to set the prisoner free and who wipes away every tear.
The freedom in Jesus is to know that our lives are not bound by the failures and mistakes of a decaying world that so often forgets the love it is made from.
The song also captures the “already” and “not yet” of God with us. Jesus shared life with us here, God’s Spirit is with us now, we grow daily in faith and grace and yet we await the fullness of God’s Kingdom; at hand but just out of reach; dawning and just out of sight; we pray “Come Lord Jesus and set us free”.