Sunk

[Zerric]

I have a compass, broken and cracked
yours had a fracture, from front end to back

We set off sail
one soul aboard
I lifted anchor and we dragged and we souredi don't think you need the second we

But our mast would but buckle, forced from this seaour mast would but buckle means it did everything but buckle, which is weird in a shipwreck, also i don't think you need the 'But' at the beginning
those eyes still watered, body kept from mei'm a little unclear on this line...

And while I've been tied around our shipwreck in seai'm not really sure about 'tied around' ...maybe 'tied to' and it should be shipwreck at sea
you find your lighthouse, put there by me

I've got this compass all broken and cracked
Now taking in water, from front end to backseems weird that water is only coming from the front to the back...just saying

---

we dragged and we soared**

I have a compass, broken and cracked
yours had a fracture, from front end to back

If you start out with talking about your compass in past tense i think it would lend more feeling when we read the end.
Something like:
I had a compass, unbroken, uncracked...
JMO