Lyric discussion by hoek 

Cover art for Frankie's Gun lyrics by Felice Brothers, The

Really cool song. Learning how to play it on my guitar :)

It's about Frank Nitti, one of Al Capones top henchman, who later kill him self.

Check it out!

http://en.wikipedia.org/wiki/Frank_Nitti

These guys are the next "Bob Dylan."

Nice try, but I don't think it's about Frank Nitti (who, near as I can tell, never went by "Frankie"). I think it's set in modern times, based on the reference to McDonald's and that it would cost "ten or twenty" to take his sister to the picture show...