Lyric discussion by tekenduis 

"Rosie, the Queen of Corona" is probably referring to the neighbourhood Corona, in Queens and not the beer.

Paul Simon was asked about this song in an interview in Rolling Stone magazine, in 1972. The interviewer asked "what was it that the mama saw?" and Simon replied, "I have no idea what it is... Something sexual is what I imagine, but when I say 'something', I never bothered to figure out what it was. Didn't make any difference to me."

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