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Bob Dylan – You Ain't Goin' Nowhere Lyrics 10 years ago
The reference to McGuinn in that line of the song is due to him getting that lyric wrong on the Byrds version of the song (McGuinn sings "Pack up your money, Pick up your tent", when it should be "Pick up your money, Pack up your tent") . Why Dylan changes the lyrics from the Basement Tapes version for the Greatest Hits Vol2 version?? Anyone's guess. He has a habit of changing lyrics/melodies/chords of his songs.

The chorus is definitely referring to a final premarital fling. The verses sound like he is making rhymes up on the spot.. so trying to read too much into into the verses may be foolish.

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