An actor who memorizes say Shakespeare for a role has to understand it to be able to speak it and as you say otherwise just gibberish. So I like you I've far too few verses committed to memory but I just have some. Like not trivially by the way I imagine a lot of people being hesitant about this sort of thing. You'll surprise yourself if you start trying to memorize something and just add a line and then you would think you would top out somewhere. It just becomes very natural it's part of your working knowledge, which is getting dangerously close to talking about ROI for poetry.
Tolkien read it as a tale about mortality. The poet David Whyte said it was a metaphor for the psychological demons deep in our minds. And that, insists the cartoonist and writer Zach Weinersmith, is precisely Beowulf's appeal: Its richness opens the door to endless interpretation. Listen as the author of Bea Wolf, a graphic novel for children based on the Old English poem, speaks with EconTalk's Russ Roberts about poetry in general, Beowulf in particular, whether we should require students to memorize poems, and the value of stories for children even without a moral lesson.