Lyric discussion by dsprinkle 

All possibilities I'm sure. However, David said himself that the lyrics to this song are merely random ramblings that rhymed and fit the pre-written song. As for the term "White Ladder".... I highly doubt it refers to cocaine. True, it was a Dylan lyric, but in the Album "Sell, Sell, Sell", Gray used it as merely a reference to a person's spine. As far as for it's deeper meanings, Gray has said that, to him, it was, like the lyrics to the song, a pretty little phrase that is far too often over-analyzed and honestly has little meaning.

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