The "joker" here ["All Along the Watchtower" ] is the older [Bob] Dylan himself, whining about exploitation, and the thief's rejoinder re-contextualizes the earlier critique into the religious frames that would become more prominent as time went on.
Bob DylanI hate myself for loving you and the weakness that it showed. You were just a painted face on a trip down to suicide road.
Bob DylanI play these [folk acoustic] concerts and I ask myself, 'Would you come see me tonight?' - and I'd have to answer truthfully, 'No, I wouldn't come. I'd rather be doin' something else, really I would. That something else is rock... The words are pictures, and the rock's gonna help me flesh out the colors of the pictures. (1965)
Bob Dylan