Johnny's in the basement
Mixing up the medicine
I'm on the pavement
Thinking about the government…
Between the time that John Lennon produced Nilsson's recording of Dylan's song in the early spring of 1974 and the release of the album in August, the radical anti-war group, The Weathemen planted bombs which damaged offices of an attorney in Los Angeles and the 26th floor of the Gulf Oil building in Pittsburgh, Pennsylvania.  Contemporary articles about the bombings often quoted a lyric from "Subterranean Homesick Blues" which provided the inspiration for the group's name:
You don't need a weatherman. To know which way the wind blows.