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Starting late 1967, Bob Dylan's legendary Basement Tapes were the underground source of many new songs for hungry fans and fellow artists alike. Columbia Records, owning all Dylan recordings, sent labelmates The Byrds some demos from the sessions including this song and "Nothing Was Delivered". They recorded both in Nashville in March 1968 for their seminal Sweetheart of the Rodeo LP, released late-August.
Dylan rerecorded it in 1971, as included on his album Greatest Hits Vol. II. Dylan's original Basement Tapes demo had the lyric "Pick up your money/ pack up your tent", which was mistakenly altered by The Byrds to "pack up your money/ pick up your tent"; Dylan's later version, on Greatest Hits Volume #2 retains the error, adding "McGuinn!" (Byrds singer/guitarist, responsible for the accidental lyric-change) as a reference, or "stab" as Roger McGuinn.
