The Meaning of 'Auld' is "Old" and the meaning of 'Lang Syne ' is "Long Since". The lyrics "We'll take a cup o' kindness yet" refers to the tradition of raising a glass, or a cup o' kindness meaning with "good will, friendship and kind regard" and in remembrance of "noble deeds". The custom of drinking a "health" at a special gathering to the prosperity or good health of another dates back into antiquity. The old Christmas term 'Wassail' derives from Old Norse phrase 'ves heill' meaning "be healthy". So next time you sing Auld Lang Syne you'll now know its meaning!
"For auld lang syne, my dear, For auld lang syne. We'll take a cup o' kindness yet, For auld lang syne."