Lyric discussion by amatterofgrace 

I think the person speaking witnessed the coal miner's daughter being murdered for money. He was peeking through the wall at the prostitute with her murderer (keyhole peeker).

"Twenty-five grand on the table Of the high wall street stable I'm not responsible for The reputation of the Neighborhood whore"

The murderer tries to rationalize the act to the witness after the fact, using her reputation as a prostitute against her. The speaker isn't concerned with this fact, and takes justice into his own hands as he sees fit. "Icicle tusk" represents the weapon used, perhaps an ice pick.

It is my interpretation that this song is telling of a great love he has for a girl. She manipulates him to do something he doesnt want to. "In my haste I draw my weapon Designing your final lesson As you recede to the floor All is silent but the fluttering door" .....all is silent but the fluttering door. He does the deed and is trying to run away from it. "And though my memory rusts I will always see the icicle tusk" no matter how long he tries to forget "the icicle tusk" always comes up in his mind. "Beneath the icicle tusk You and...

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