What does Dylan mean by 'Pencil-toed elitists trumpetting their shame'?!

Question: What does Dylan mean by 'Pencil-toed elitists trumpetting their shame'!?

I think it has echoes of his 'Past Presidents on Rushmore would be better upside down'!.Www@Enter-QA@Com

Answers:

I have no idea and am past drunk o'clock to care :)Www@Enter-QA@Com

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