The lyrics contained images of vengeance and paranoia, and it has been interpreted as Dylan's put-down of former friends from the folk community—friends he had known in clubs along West 4th Street.
Text se hemží představami msty a paranoie a obecně se interpretuje jako snaha Dylana shodit bývalé kamarády z folkové komunity – přátele, které znal z klubů z West 4th Street.