Famous Blue Raincoat
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In a 2008 interview on NPR's Fresh Air, Cohen remembered how the fancy coat seemed to embody the promise of an elegant future that awaited him—a future that he never completely realized. In the song, the coat gets shifted from Cohen's shoulders to those of his betrayer, but the theme is the same: youthful dreams that eventually dissolve with time. And dreams, unlike frayed coat sleeves, cannot simply be patched over with a bit of leather.