Cover art for The Old Laughing Lady lyrics by Neil Young

Neil Young

The Old Laughing Lady

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The Old Laughing Lady Lyrics

Lyric discussion by ruarchitect 

Cover art for The Old Laughing Lady lyrics by Neil Young
by ruarchitect

Any kind of addiction can be the "old laughing lady"

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by RJDIDO

That is 100% correct. Anything else is completely over thinking it.