The lyrics provided seem to focus heavily on a specific location — a lake 80 miles from Santa Fe. The repetition serves as a prominent stylistic choice, lending itself to multiple interpretations:

Nostalgia and Memory: The frequent mentioning of the lake suggests a place of significance. Given that the singer mentions “It’s where I told you how I felt,” it might be a location where a significant event or confession took place. The repetition might emphasize the emotional weight and memory of that moment.

Loneliness and Waiting: The singer consistently reinforces that they are “parked” by the lake, hinting at a sense of waiting or longing. The line “Waitin’ for you” supports this, suggesting perhaps they’re waiting for someone to return or to reconcile.

Stagnation and Inertia: The repeated phrase “I’m parked” not only reinforces the sense of waiting but also a feeling of being stuck or stationary, both literally and metaphorically. There’s a suggestion of longing to move on (“And someday I’m gonna move”) but for now, the singer remains in that place, both physically and emotionally.

Simplicity and Emphasis: The simple structure and repetitive nature emphasize the central theme of the song. By not introducing various other elements or storylines, the listener’s attention remains firmly on the lake and the implied emotional connection to it.

Musicality: Repetition in lyrics can be used to create a catchy or hypnotic rhythm. When paired with the right melody, the repeated phrases might provide a strong and memorable hook.

In sum, the lyrics seem to convey a deep emotional connection to the lake near Santa Fe, a feeling of longing, waiting, and perhaps memories of love or another significant event. It’s a poignant reflection of a moment or series of moments, preserved in the mind of the singer, and emphasized through the constant repetition in the lyrics.