Lyric discussion by joeyfox1 

i see what you're talking about and i mostly agree with you. it speaks about a girl who was rich and condescending and now she got broke after a guy came and conned her or stole all her money. I just don't understand what the "chrome horse", the "diplomat", the "siamese cat", the "Princess on the steeple", and "Napolean in his rags"

The person who rode with Eddie Sedwyck in his chrome horse was Andy Warhol in his Limosine. "Who carried on his shoulder a siamese cat" is Bob Dylan sarcasm of Andy Warhol and his clique of pretentious psuedo art snobs. "Napoleon in rags and the language that he used", Dylan once agin uses irony allusion and sarcasm warning Eddie of how naive she is of believing people are who they spin to be. Eddie Sedwyck ws very young when she was used and manipulated by Andy Warhol and others including Dylan. She ws a troubled soul running around a very...

I like that explanation, but I also think he is dissing young 60's kids out on their own for the first time. I know it happened four years later, but I am convinced the three days of rain and mud at woodstock did more to derail the hippy-dippy love movement of the 60's than anything else. Reality bites, and they were served a mighty dose of it in August 1969.

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