I disagree with previous comments: I love this song. It's just like other Dylan's "dream" songs, describing events that seem not to make any sense, just being funny, but between the lines adding a joke (on American's obsessive fear of communism, in this case; notice also the occurence of The Reader's Digest!).
A few hints for those who don't watch movies too much: La Dolce Vita is Fellini's movie, and the line in 3rd verse probably refers to Anita Ekberg's character (a busty beauty, in the famous fountain scene). Tony Perkins is, of course, Anthony Perkins, the crazy guy from Hitchcock's "Psycho", and there is also a reference to the shower scene.
I disagree with previous comments: I love this song. It's just like other Dylan's "dream" songs, describing events that seem not to make any sense, just being funny, but between the lines adding a joke (on American's obsessive fear of communism, in this case; notice also the occurence of The Reader's Digest!).
A few hints for those who don't watch movies too much: La Dolce Vita is Fellini's movie, and the line in 3rd verse probably refers to Anita Ekberg's character (a busty beauty, in the famous fountain scene). Tony Perkins is, of course, Anthony Perkins, the crazy guy from Hitchcock's "Psycho", and there is also a reference to the shower scene.