From the recording Firefly

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This song was written about a weekend junket with Ron Ramelli (Harmonica Ron) and three of his Chicago buddies, including John Prine's brother, Billy (John has a song about him called Billy the Bum). The song is a mini play, with the first act taking place at the black jack table. Jimmy was from Alabama, I think. The second and third acts take place in the French Quarter, at the Erin Rose pub (Molly and Dolly were twin prostitutes) and Rick's Cabaret (Fawn said she was from Dallas).

Lyrics

Corey's slapping tens on Jimmy's fourteens
down at the Harrah's in New Orleans
Jimmy's drinking Crown while he's blowing his dough
drinking like a fish or a water buffalo
Jimmy keeps forgetting the rules of the game
Corey's getting tired of trying to explain

Don't touch the money Jimmy, don't touch
Don't touch the money Jimmy, don't touch
Don't touch the money, hey, hey, hey

Scottie the postman and Gary the Nose
were drinking at a bar called the Erin Rose
standing by the stools by the ATM
wrapped around Dolly and Molly McGuinn
Dolly says to Scottie "wanna be my friend"
he says, "yes ma'am but you ain't getting my PIN"

Don't touch the money, Dolly, don't touch
Don't touch the money, Dolly, don't touch
Don't touch the money, hey, hey, hey

Billy the Bum and harmonica Ron
hanging out at Rick's ogling tall blond Fawn
nothing compares not even Honey LaRue
Not New York Sally or the rest of the crew
Rick says to Billy "you've been laying it on,
you can touch the girls, but don't touch Fawn"

Don't touch the money, Billy, don't touch
Don't touch the money, Billy, don't touch
Don't touch the money, hey, hey, hey