Those lyrics show that like Picasso, the guy who used to be Bob Dylan left his worst work 'til last* Not to mention he's actually talking more than singing, and WTF happened to the harmonica?
*Oh, the irony:
The line it is drawn
The curse it is cast
The slow one now
Will later be fast
As the present now
Will later be past
The order is
Rapidly fadin'.
And the first one now
Will later be last
For the times they are a-changin'.
Yes, it's pretty laughable like the third runner up in a write Bob Dylan song parody:
It was a dark day in Dallas, November '63
A day that will live on in infamy
President Kennedy was a-ridin' high
Good day to be livin' and a good day to die
Being led to the slaughter like a sacrificial lamb