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Peter Tork says this was based on Mose Allison's "Parchment Farm." It's about a drunken guy who "ends it all" by jumping into the river, and immediately regrets it as he's "Goin' Down."
Drummer Micky Dolenz sang lead.
All the Monkees got writer's credit on this song.
This was released as the B-side of "Daydream Believer." (thanks, Barry Kesten - Bellmore, United States, for all above)
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