This seems pretty straight forward to me. He was at his home or maybe the home of a close friend in California, around New Years (Old Land Syne reference), I'm also pretty sure he wrote this smoking pot, just has that air to it. I've never heard this song, I don't know when it was released, my guess would be about the time he was starting to gain recognition. That's all it is, just him feeling connected to the world.
This seems pretty straight forward to me. He was at his home or maybe the home of a close friend in California, around New Years (Old Land Syne reference), I'm also pretty sure he wrote this smoking pot, just has that air to it. I've never heard this song, I don't know when it was released, my guess would be about the time he was starting to gain recognition. That's all it is, just him feeling connected to the world.