This song is a song that best demonstrates your faith in God when faced with the challenges of life and would help invite God Himself to step into that situation such that you commit His integrity to perform that which He has promised. The song is simply saying don't wait until you see that the victory is won. You just praise Him for those things He's yet to do and you would be surprised at the wonders he'll do in your life. Remember Jehoshaphat and the Children of Israel did not wait until they conquered the three great nations that came against them. They Praised God right in the midst of the battle and God took over the fight and they held their peace till eternity.