Theory:

Remember everyone here is important
When you’re forgotten it makes you feel sad
Know that you matter and you make a difference
Let no one shame you or make you feel bad.
 
Lessons in life aren’t always so simple
Nothing you are given will ever come free
Even the smallest of gifts deserves “thank you”
I respect you and you respect
I think of you and you think of me.
Explanation:
 
In this stanza, the poet says that we should remember that everybody around us is important. We should not forget anybody. All of us are equally important.
 
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All of us are equal.
 
When somebody forgets us, we feel sad. We should not leave out anyone. Consider everyone equal and equally important. We should also realize that we are important, and we make a difference to someone. If we are not there, it will make a difference. We should also realize our self-worth. We should not let anyone humiliate us or put us down. Nobody has the right to make us feel bad, nor should we make others feel bad.
 
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If we realize our worth, no one can shame us!
  
What we learn from life is not simple. There are some hard lessons, and there are some costly lessons. Whatever we get in our life has a cost. For example, the education that we get today has a cost. Our parents spend money so that we get educated. Another example is the air that we breathe in, given by Mother Nature. It may seem free, but we should thank our nature and repay by planting more trees and by not destroying nature and her resources. Even if someone gives us a small gift, we should appreciate it and thank them. Even the smallest gift has a cost, as nothing is free in this world. We should not think that it is a small gift and it does not require thanks. We should respect each other and think of the other person - what the other person needs, what we can do to help them etc.
 
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Say "thank you" for even the smallest of gifts!
  
Meanings of difficult words:
 
No.
Words
Meanings
1
forgottenneglected, failed to remember
2
shamea painful feeling humiliation
 
The rhyming words from the last two stanzas:
  1. sad - bad
  2. free - me - me
Reference:
State Council of Educational Research and Training (2019). Term-1 English Standard-8. Lessons in life - Daniel Ho, Bridgette Bryant (pp. 119-121). Published by the Tamil Nadu Textbook and Educational Services Corporation.