Written sometime in late 1962 or early 1963, "Only a Hobo" was also recorded during these sessions but ultimately set aside. Described by Heylin as "a superior reworking of earlier composition 'Man on the Street' that took as its source the 'Poor Miner's Lament'", the song is sung from the point of view of a sympathetic narrator who stumbles upon a homeless man lying dead in a gutter. Rod Stewart later released his own celebrated version of "Only a Hobo" on the critically acclaimed "Gasoline Alley" in 1970. Dylan himself re-recorded "Only a Hobo" for "Bob Dylan's Greatest Hits Vol. II", only to reject that version as well. He eventually released his own version in 1991 on "The Bootleg Series Volumes 1-3 (Rare & Unreleased) 1961-1991".