This upbeat tune tells a story of love, adventure, and loss. It revolves around the characters Johanna and 'his honor', possibly referring to a judge or person of high standing. Johanna steals a valuable ring from him, symbolizing a thousand years in one piece of silver. The song then follows their separate paths - his search for exotic experiences in New Mexico and her life in the city. The ring is split between them, signifying their shared history but separate lives. The repeated line about raincoats could be seen as a metaphor for change or impending difficulties. Ultimately, it's an intriguing narrative set to an infectious beat that leaves listeners pondering the fate of these two individuals.
