Basket In The Pool Lyrics

Lyric discussion by vickevlar 

Cover art for Basket In The Pool lyrics by Phil Ochs

I don't remember the details of the story, but I read that phil is referring to a real incident at a party, where he threw a prize basket he won into a pool to make a political point.
I think that he is making fun of all the people who used some parts of the "hippie" mentality in the 60's as an excuse to party and get high a lot. Instead of spreading peace and freedom they lived in a "groovy" escapist world, which he attempted to shatter by bringing the disturbing realities of the era to their attention. Of course instead, they just see it as someone trying to "bring them down."
The line "how can I go swimming now?" always makes me laugh.