The song explores Young's feelings about his critics, Richard Nixon and the state of CSNY. The line "You're all just pissing in the wind" was a direct quote from Young's manager regarding the inactivity of the quartet. It references the Riverboat, a small coffeehouse in Toronto's Yorkville neighbourhood which was an early venue for folk-inspired artists like Gordon Lightfoot, Bruce Cockburn, Joni Mitchell, Simon & Garfunkel and Arlo Guthrie. Yorkville had been the centre of the Canadian counterculture scene in the 1960s when the coffeehouse opened in the basement of a Victorian rowhouse, but by the 1970s Yorkville was changing, and the Riverboat remained as the last of the cafes from this era. It outlived the hippie scene but closed in 1978. In 2009, Young also released "Live at the Riverboat 1969", a live album recorded at The Riverboat in 1969. The line "Oh, Isabella, proud Isabella, They tore you down and plowed you under" references 88 Isabella Street an old rooming house in Toronto where Neil and Rick James stayed for a period. The old rooming house was demolished in the early 70s and an apartment now stands in this location.