Lyric discussion by cavern 

1-She just does. They were untied when he was there at the nightclub watching her dance, and she comes after her show and speaks to him. Sexy. And he's all nervious. Excellent writing. 2-When things started going wrong, she started prostituing herself, being pimped by another friend who used to be a part of the gang while they were together

Anyway, I sometimes think that they'r all different women, but he sees them all as one inmortal female.

There's an awesome idea to consider. All the women of your past being different in body, but deep down, the same soul. The same one.

@cavern nice interpretation. Going back to Blonde on Blonde's Visions of Johanna, where there are at least two different women, both of whom embody Sara to one degree or another (his then pregnant first wife whom he was then living with in NYC), Dylan is clearly prone to melding real women with archetypical female figures as in Tangled Up in Blue. What a lyrical and musical (song writing) genius he is.

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