"Dark Lady" by Cher tells a dark and mysterious tale of a woman with supernatural powers and an ability to see into people's lives. The lyrics depict the encounter between the narrator and the titular Dark Lady.

In the first verse, the lyrics introduce the Dark Lady as a fortune queen from New Orleans, brushing her cat in her black limousine. The scratches on the back seat symbolize the marks left by the men whose fortunes she has taken. The tinted glass represents the barrier between the narrator and the Dark Lady's true intentions. The narrator follows her to a darkened room, where she takes their money and promises to be with them soon.

The chorus emphasizes the enigmatic nature of the Dark Lady, as she laughs, dances, and lights candles while playing her gypsy music. It creates an atmosphere of mysticism and hints at her involvement with black magic. She claims to know more about the narrator than they know themselves, suggesting her ability to see deep within people's souls.

In the second verse, the Dark Lady deals two cards and utters strange words, indicating her supernatural abilities. The two-eyed jack that turns up as black despite the narrator's vision of red symbolizes deceit and betrayal. The Dark Lady reveals that the narrator's loved one is secretly being true to someone else close to them, urging the narrator to leave and forget about their encounter.

The third verse takes a dramatic turn when the narrator returns home and connects the Dark Lady's scent to a previous occurrence in their own room. They discover the Dark Lady with their partner, laughing and kissing. Overwhelmed by jealousy and betrayal, the narrator takes action and kills them both. This concludes the tale as the Dark Lady and the narrator's partner, now dead on the floor, will never reveal any more secrets.

Overall, "Dark Lady" explores themes of deception, supernatural intuition, and the consequences of jealousy and betrayal. The song portrays the Dark Lady as a mysterious figure with knowledge of the hidden truths within people's lives, but it also highlights the destructive power of actions driven by jealousy and revenge.