I always thought this was about Neil Young. The instrumental phrase that leads in at the beginning and reoccurs throughout is from a Neil Young song. When Neil Young does live shows he steps out into a spotlight with his band behind him. He also has a gold lame guitar strap. Plus he went through a mid-career slump when critics didn't like him anymore (but has since made a comeback).
That said, I've also felt it could be about Jay Farrar, simply from knowing how Tweedy felt about Jay.
I always thought this was about Neil Young. The instrumental phrase that leads in at the beginning and reoccurs throughout is from a Neil Young song. When Neil Young does live shows he steps out into a spotlight with his band behind him. He also has a gold lame guitar strap. Plus he went through a mid-career slump when critics didn't like him anymore (but has since made a comeback). That said, I've also felt it could be about Jay Farrar, simply from knowing how Tweedy felt about Jay.