When I listened to All Together Now recently, I noticed some significant melismas in "Tragedy." In the first verse, "away" in the line "And it's blowing away" is sung to the phrase B B A (with some vibrato on the A note). When the first verse is repeated as the third verse, the articulation is slightly different: B B C B A (still with vibrato on the A note). Musically, both give a sense of movement.
I still can't decipher the full lyric, but in the second verse, the phrase "bring you down" is sung to a descending group of notes (C B B A), illustrating that "down." To emphasize this, "down" itself is sung with a melisma (B A, again with vibrato on the A note).
Additionally, in the first line of chorus ("Tragedy is on the rise"), the "is on the rise" ascends (E G A A), musically illustrating this "ris[ing]."