This paper concentrates on Walther’s von der Vogelweide famous song ‘Nement, frowe, disen cranz’ (L 74,20), which is preserved in three medieval manuscripts. Most researchers have still not read the song in the order in which the verses are attested in the manuscripts, and base their reconstructions on a modern understanding of coherence. The following paper, however, carefully takes into account the different versions of the manuscripts. The interpretation shows how the courtly dance situation, which is the starting point of the poem, is transformed by the lover’s imagination. The poem emphasizes what the lover is capable of doing with the unattainable lady in his dreams. It illustrates how fantasies and dreams can undermine the boundaries and taboos of courtly love. Showing how imagination works, the text is not only a love song, but also a meta poetic poem, which reveals imagination as an elementary condition of poetry.