Lyric discussion by JordyWordy 

even for Bob Dylan the words here sound very mature - this is the voice of experience talking. if you look at the "Standing on the gallows with my head in a noose" line then the whole song could be what it seems - a long list of realisations coming to a person who really should be in no position to be thinking clearly (taking either the gallows meaning or the death of his mother)

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