I got this when my friend told me about the possible real meaning of the poem... R&R please!

Ring around the rosies,

The Seekers flew above, circling the nearly dead city.

Pocket of posies,

They pulled explosives out of subspace, preparing to drop them.

Ashes, Ashes

The smoke from the burning buildings hid them.

We all fall down!

The explosion leveled the city.