His entire story will be discussed in the gathering; our tale of bloodshed is colorful.

This powerful couplet suggests that the subject's ultimate fate and death will be the main topic of conversation in the tavern. However, the poet pivots dramatically, claiming that their own story—a vibrant, colorful tale—is one of bloodshed and struggle. It's a defiant declaration: while others gossip about his end, their own life has been lived fiercely, stained with the blood of passion and experience.