Slapp Happy/Henry Cow - Bad Alchemy lyrics

I dream Hermaphrodite & I sit up all night our eyes on the horizon of a wobbling bowl. Heads in hands we ponder dregs the bowl contains a liquid's left putrescence after being drained. (What we feel we have to solve is why the dregs have not dissolved) When I wake I wonder what it means; am I bad alchemy? It seems I image Self unmixed, a risk, in a dish for drinking Fluid with a strongly stinking sediment - is that what it meant? Am I hermaphrodite? Neither one nor quite the other? (What we feel we have to solve is why the dregs have not dissolved)