This song was written by David Crosby a year or so before he joined up with Roger McGuinn and Gene Clark to form The Byrds. It was a melancholic take on temperance and trustworthiness.
The chord changes in this track are jazzier than what was happening in pop music at the time. Crosby has commended his fellow band members, especially Roger McGuinn and Chris Hillman, for being open-minded about such matters.
In an interview with Steve Silberman in 1995, David Crosby said that he thought this was "the first actually passable song that I wrote."
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