Mine too. The lyrics are haunting and made even more so by the style of the song; it’s rhythm and cadence reminiscent of old sea shanties – listening to it, you can almost feel the waves and the cold wind. And the song came out only a year after the loss of the Edmond Fitzgerald, something I remember a year earlier seeing the news reports (including the one at the beginning of the video) on TV.
The lyrics Lightfoot wrote take a few artistic liberties; something according to this he agonized about, but is still a fairly accurate depiction of a true event.
http://en.wikipedia.org/wiki/The_Wreck_of_the_Edmund_Fitzgerald
The video you posted does a great job of opening with the news report, some videos and pictures of the actual ship, videos of the finding of the wreck many years later and most poignantly, at the end, the names, ages and pictures of the 29 men who died. The song is a very fitting tribute.