"The Ancient" is attributed to the puranas, meaning "of ancient times", which contain eighteen "ancient" allegories. "Steve's guitar", wrote Anderson, "is pivotal in sharpening reflection on the beauties and treasures of lost civilisations." The lyrics contain several translations of the word "Sun" or an explanation of the Sun from various languages. Howe felt the opening section of the track amazes him to this day, thinking how the band could "go so far out". He plays a steel guitar and a Spanish Ramirez acoustic guitar on the track, and described it as "quite Stravinsky, quite folky". To help achieve the right sound he wanted out of his guitars, Howe played several recordings by classical guitarist Julian Bream to Offord as a guide.