The setting of this can be wherever, because you can be anywhere and think that someone is classic.

The song is written in the year we are in, but it refers back to the past to say that there were classic people back then as well.

The speaker is a guy who is talking about a girl who is classic and who thinks that throughout the song.

Speaker

Speaker, Setting, and Tone

Setting

Tone

The tone of the song is soft and happy. The tone is the same throughout the song.