The past blowing in the wind, the years slip away quietly. Here's to you. Don't play with fire. What does this sentence mean?

Past blowing in the wind-past blowing in the wind.

Time slips away in your eyes-time slips away quietly from under your eyes.

A toast to you-I propose a toast to you.

Don't play with fire-don't pretend, don't pretend, don't do anything risky or harmful.