This is a classic example of Neil Young writing lyrics that make no sense but rhyme, scan, and have evocative images floating by. See also "Cinnamon Girl" for that, which also includes a guitar solo that is just one note. Or anything by Young, really. Somehow it was still fun to listen to.
Maybe you'd like this better. It goes suddenly country-rock, well before others got there.
They are best known for "For What It's Worth," which gathered a reputation as a protest song that permeated culture so much that even the Muppets did it (about animals being afraid in the forest.) However, it was about a club being closed, nothing political.