Lyric discussion by lbsman 

When i first started to interpret this song i had no idea what he was talking about but now i believe i have found something.

What if the blue eyed son was Jesus and the Narrator was God. This could be God talking to Jesus before he sent him down here in human form.

"I saw a highway of diamonds with nobody on it," might be a path of riteuousness and the new born baby with wolves all around it could be someone who wants to follow God but is hampered by people around him. the list would go on if i had time.

I think the main thing that makes me believe this interpretation is that when the narrator asks what the son is going to do next the son replys that he will go baack to the worst places and help.

And I'll stand on the ocean until I start sinkin', Jesus stood on the ocean. But I'll know my song well before I start singin' jesus waited 30 years before he started to minister fully

anyway let me know what you think

I had the same idea, guess it's about Jesus and God, but I think it's after Jesus "died". I like your interpretation of the highway-line. Think the "baby with wolves around" line is about Jesus too - it's not the typical crib, but the wolves could stand for human beings, which raised him as their own and killed him despite that too. the hard rain itself could be a metaphor for noah's ark..

I saw a black branch with blood that kept drippin' - I thought about the thorn crown jesus had worn on the crux which is always shown with blood on it

I saw a white ladder all covered with water, -> mary and mary magdalena took the body of jesus down with a ladder after he died, water could represent tears

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