According to Stylus Magazine:
A bleak source of black comedy, “Time Out of Mind” is the best song on Gaucho, an uneven record that is nevertheless a favorite of many a writer here at Stylus. Apparently, “chasing the dragon” is forties slang for smoking heroin, and the narrator of this song lives hi...
[Verse 1]
Son you better be ready for love
On this glory day
This is your chance to believe
What I've got to say
Keep your eyes on the sky
Put a dollar in the kitty
Don't the moon look pretty
[Chorus]
Tonight when I chase the dragon
The water may change to cherry wine
And the silver will turn to gold
Time out of mind
(Time out of mind)
[Verse 2]
I am holding the mystical sphere
It's direct from Lhasa
Where people are rolling in the snow
Far from the world we know
[Pre-Chorus]
Children we have it right here
It's the light in my eyes
It's perfection and grace
It's the smile on my face
[Chorus]
Tonight when I chase the dragon
The water may change to cherry wine
And the silver will turn to gold
Time out of mind
(Time out of mind)
[Instrumental Break]
[Pre-Chorus]
Children we have it right here
It's the light in my eyes
It's perfection and grace
It's the smile on my face
[Chorus]
Tonight when I chase the dragon
The water may change to cherry wine
And the silver will turn to gold
Time out of mind
[Instrumental Outro]
Time Out of Mind was written by Walter Becker & Donald Fagen.
Time Out of Mind was produced by Gary Katz.
Steely Dan released Time Out of Mind on Fri Nov 21 1980.