Harpgirl, it was "World Gone Wrong," and here's a link to where you can actually hear some of it!

http://bobdylan.com/albums/world.html

Slightly different melody than the one I remember, but it's an interesting version -- and I think I like that lyric the best. What is it about that song that is so entrancing to me (and apparantly to others) I wonder? Part of it is the melody, I think, but unlike some songs that old, the lyrics never cloy, despite the old phrases. I dunno. Very touching.