And I'm not sure that's a good thing.
My college roommate and bandmate loved to sing Neil Young, including this one. I only half paid attention to the lyrics of these songs, noticing that they had evocative phrases and interesting rhymes. For the longest time I just assumed that if I took the time to pay attention I would see the connecting thread of the full artistic creation. Even after hearing his live recording of "Sugar Mountain," in which he declares he wrote over a hundred verses and kept the best four I still thought those four would mean something together, that there would be a theme or story.
The Beatles would do such things with "I Am The Walrus," but one could always tell they were having fun with it themselves, winking at you.
But there seldom is with Young. That was true of many folk-rockers in the day, stringing together evocations that only sounded significant, but that was Neil's entire deal. So enjoy anyway.