Lyric discussion by twain 

I especially love the line "And i know a place where a royal flush can never beat a pair". To me, this means that The Nickel is a special sort of place where the normal rules don't apply - you may be a bum out in the real world, but on The Nickel, everyone's a champ.

This reminds me so much of the Wire - corner boys in season four - although the "nickel" probably does refer more to money begged for / found rather than "earned". But the feeling is just right.

Twain,

To me, that line has a double meaning. He is talking to someone in the song, a young companion of some sort? The child is "On the Nickel," which is the skid row area of Los Angeles (the Nickel=5th Street area). It's a movie from 1981, starring Ralph Waite (papa Walton). I believe this song is featured in the movie.

I agree, Martin. Although I take it more generally: On "the nickel" (5th street), having a friend, someone who's got your back -- being a "pair" -- beats a Royal flush. The movie as I understand (haven't been able to find it) is mostly about a friendship between 2 derelicts on the Nickel, even after one cleans up and gets out. I don't think there's a specific child in the song -- the references to "all the little boys" -- the kids that didn't get taken care of, are the ones that end up in addiction...

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