BALM - Meaning as used in this Song Description: balm [bä(l)m] NOUN something that has a comforting, soothing, or restorative effect: "the murmur of the water can provide balm for troubled spirits" synonyms: relief comfort ease consolation cheer solace alleviation mitigation assuagement healing a tree which yields a fragrant resinous substance, especially one used in medicine. the resinous substance yielded by a balm. a bushy herb of the mint family, with leaves smelling and tasting of lemon.