Lyric discussion by roger wilco 

Bob Dylan, typically, tends to be outstandingly cryptic in his lyrics. while others are just what they are.

i tend to believe this song was connotated with Vietnam because it was going on at the time this song was released (originally on Dylan's LP "John Wesley Harding" in 1967)

but what i actually believe the song is a story about society: the upper class being the Princes,

the Joker and pregnant women being the Middle class and the Thief representing the Lower Class.

i always thought the Thief's line when speaking to the Joker was a very peculiar one: "There are many here among us who feel that life is but a joke."

the Thief is telling the Joker, of all people, that nobody takes life seriously. was it a hint from the Thief to the Joker to stop screwing around? and make plans for escape?

i'm still trying to figure that one out...

you're still trying to figure it out because it doesn't work. those are the wrong figures in your metaphor.

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