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 DylanYes, to dance beneath the diamond sky with one hand waving free, Silhouetted by the sea, circled by the circus sands
Bob DylanDESTINY is a feeling you have that you know something about yourself nobody else does. The picture you have in your own mind of what you're about WILL COME TRUE. It's a kind of a thing you kind of have to keep to your own self, because it's a fragile feeling, and you put it out there, then someone will kill it. It's best to keep that all inside.
Bob Dylan