Lyric discussion by InfantTyrone 

I'm in agreement re Lefty selling Pancho to the law. The bread he used to split for Ohio, the federales knowing just where to find him, but why bother? He's a tool and a traitor, forgotten and alone in wintry Ohio, and the taste of the dust his buddy bit will always stick with him. He's no threat. Pancho died in the saddle, forever youthful and trusting, while his buddy grows old and pale alone with his guilt. Seems pretty clear to me.

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