Lyric discussion by sakebox 

Although most (if not all) of these men are devout Christians, the song is about reincarnation. I also believe that they are all singing as different incarnations of the same soul.

You'll notice that Willy Nelson was a highwayman, and in the last stanza Cash says that he "could be a highwayman again." Either they're different highwaymen----which is unlikely, or they're the same person.

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