This complicated song, part of De Gregori's cd 'Bufalo Bill' (Rca, 1976), was written in the 70's and it mirrors perfectly that decade. Dolly, and the son of the son of flowers take a walk, but this is not an ordinary walk. In the process a death will occur. The couple travels up to the corpse of a cricket with the moon wathcing them with fear. The corpse and the fear could be explained as a prefiguration of the oncoming death: the death of Father Christmas. Two verses are worth noting, the one where Dolly washes her bloody hands with a slice of bread (Eucharist?), and the final verse in which they calmly return to their parent's house: a casa dai genitori.
A final note. While the whole song speaks of a murder, fear and blood, at the end you are left with an eerie feeling of calmness, as the two murderers return at their parents homes, as if nothing has happened. Did it? After all Father Christmas is not a real person. (Polyvios).