Merry Go Round, like a lot from All Shook Down, is in glorious and strange Open E. Tune 
your guitar
(low to high) E B E G# B E.

I'm just gonna show you Paul's part of the song, there's obviously two guitars. Slim's
is in standard tuning and
he's really responsible for laying down the chords...Paul's playing clusters of notes
ringing all around it,
making it sweet. Not to mention that awesome main intro riff, which is amazing!

If you pull the video for this song, you'll notice Paul is doing a weird claw thing with
his hand that looks
weird. It wasn't just video-playin' around either; in all the Mats/Westerberg video I've 
seen (Paul in
San Diego, '91 is a good one for this) he's doing something REALLY WEIRD with the intro.
What is it? I have
deciphered!

-7-4-2--3-2--7-4-2--4-0 (ring chord)---------------------------|
-0-0-0--0-0--0-0-0--0-3----------------------------------------|
-8-5-3--5-3--9-5-3--5-4----------------------------------------|
-0-0-0--0-0--0-0-0--0-0----------------------------------------|
-x-x-x--x-x--x-x-x--x-0----------------------------------------|
-9-7-5--7-5--9-7-5--7-0----------------------------------------|

>>>>>>>>>>>PLAY TWICE