"Does any one know where the love of God goes when the waves turn the minutes to hours? The searchers all say they'd have made Whitefish Bay if they'd put fifteen more miles behind 'er. They might have split up or they might have capsized; they may have broke deep and took water. And all that remains is the faces and the names of the wives and the sons and the daughters."
The Edmund Fitzgerald sank on November 10, 1975. When the song came out in '76, it kind of scared me. I also remember feeling sad for the surviving family members. You can read more here.
(On a side-note, I never had the urge to scuba dive and check out old shipwrecks. It just looks so cold and dark down there...)