This version of the song is from the "Halfway House Sessions" which can be found here:
https://youtu.be/JlillV4xQr8
The D is only one beat and he does a little riff with his index finger while strumming the G.
Otherwise the song is pretty straightforward if you listen to it.
Standard tuning. CAPO on 2nd
Intro & timing (pattern continues through song): Em//// /// D/ G//// ////
Em D G
I was dreamin' of ships in the evenin' sun.
Em D G
My tongue on the ocean, made me feel all numb.
Em D G
There was no sadness, honey nothing was wrong.
Em D G
Just cotton and velvet you know I need not a song.
C D G
Now the poet barks, got a mouth full of stars,
C D G
says you better find someone before it's too dark.
Em D G
Oh, milky flowers under the sun.
Em D G
We, the king of nowheres, still on the run.
Em D G
Imaginary heroes, goddamn I'm as lonely as one.
Em D G
I once was talkin' to the bluebirds. Oh honey where have I gone?