The lyrics contained images of vengeance and paranoia, and it has been interpreted as Dylan's put-down of former friends from the folk community—friends he had known in clubs along West 4th Street.
Jeho text obsahuje obrazy pomstychtivosti a paranoje, a býva interpretovaný ako Dylanova pocta bývalým priateľom z folkovej komunity, ktorých poznal z klubov pozdĺž štvrtej manhattanskej ulice.