Psalms 124:5

In the first place, what meaneth, "Perchance our soul hath passed over"? [Psalm 124:5]. Understand however the meaning to be this: "Thinkest thou our soul hath passed over?" and why do they say, "Thinkest thou"? Because the greatness of the danger maketh it hardly credible that he hath escaped. They have endured a great death: they have been in great dangers; they have been so much oppressed, that they almost gave consent while alive, and were all but swallowed up alive: now therefore that they have escaped, now that they are secure, but still remember the danger, the great danger, say, "Thinkest thou our soul hath passed over the water without substance?" What is the water without substance, save the water of sins without substance? For sins have not substance: they have destitution, not substance; they have want, not substance. In that water without substance, the younger son lost the whole of his substance. ...Dost thou wish to see how the water is without substance? Take away with thee to the world below what thou hast acquired: what wilt thou do? Thou hast acquired gold: thou hast lost thy faith: after a few days thou leavest this life; thou canst not take away with thee the gold thou hast acquired by the loss of thy good faith; thy heart, destitute of faith, goeth forth into punishment—thy heart, which if full of faith, would go forth unto a crown. Behold, what thou hast done is nothing: and thou hast offended God for nothing.

Then the proud waters had gone over our soul. The figure represents the waves as proud, and so they seem to be when they overleap the bulwarks of a frail bark, and threaten every moment to sink her. The opposition of men is usually embittered by a haughty scorn which derides all our godly efforts as mere fanaticism or obstinate ignorance. In all the persecutions of the church a cruel contempt has largely mingled with the oppression, and this is overpowering to the soul.

The epithet proud added to waters denotes insolent enemies. The figure is changed to that of a rapacious wild beast (Ps 3:7), and then of a fowler (Ps 91:3), and complete escape is denoted by breaking the net.

Then the proud waters had gone over our soul. The figure represents the waves as proud, and so they seem to be when they overleap the bulwarks of a frail bark, and threaten every moment to sink her. The opposition of men is usually embittered by a haughty scorn which derides all our godly efforts as mere fanaticism or obstinate ignorance. In all the persecutions of the church a cruel contempt has largely mingled with the oppression, and this is overpowering to the soul. Had not God been with us our disdainful enemies would have made nothing of us, and dashed over us as a mountain torrent sweeps down the side of a hill, driving everything before it. Not only would our goods and possessions have been carried off, but our soul, our courage, our hope would have been borne away by the impetuous assault, and buried beneath the insults of our antagonists. Let us pause here, and as we see what might have been, let us adore the guardian power which has kept us in the flood, and yet above the flood. In our hours of dire peril we must have perished had not our Preserver prevailed for our safe keeping.

Then the proud waters - The proud Haman had nearly brought the flood of desolation over our lives.