On the Nickel Lyrics

Lyric discussion by paul118778 

Cover art for On the Nickel lyrics by Tom Waits

YouTube of the 1979 Austin City Limits performance (https://m.youtube.com/watch?v=uq3NAPpdXM8 ) has a brief explanation in his own words (@ 26.30 mark) about this wino lullaby. It's sung to a man who is dying by his long time friend, but the words apply to all the homeless men sleeping on Fifth St. (aka the nickel).