In the United States Margaritaville reached number eight on the Billboard Hot 100 chart, and went to number one on the Easy Listening chart, also peaking at #13 on the Hot Country Songs chart. Billboard ranked it number 14 on its 1977 Pop Singles year-end chart. It remains Buffett's highest charting solo single.
Bare bodkin is the salient point (no pun intended) of this line, so it gets the stresses. This creates a pyrrhic/spondee/iamb/iamb/iamb rhythm. Bodkin at the time meant a sharp instrument, much like an awl, used for punching holes in leather.
the external covering or integument of an animal body, especially when soft and flexible. 2. such an integument stripped from the body of an animal, especially a small animal; pelt: a beaver skin. 3. the tanned or treated pelt or hide of an animal, especially when used in apparel and accessories; leather (usually used in combination): pigskin; calfskin.