The lyrics are an amalgam adaptation of Johann Wolfgang von Goethe’s poem “Heidenröslein”, and the story “Schneeweißchen und Rosenrot” from the Brothers Grimm (Goethe’s poem “Der Erlkönig” similarly inspired the “Reise, Reise” track, “Dalai Lama“). The song talks about a girl who sees a rose on the top of a mountain, she asks her boyfriend (”loved one” in the song) to go up after it and to bring it to her. He climbs the mountain and sees the landscape below, but he is not interested in it due to his love to the girl. Eventually a rock breaks under his boot and he falls, and dies.
^ copied and pasted straight from their site.
Dude, that sucks! Are you sure that's a German poem, 'cause it sounds awfully Russian.