There is an arpeggio that is used in this song which I think is similar to
the following...

       E         Bm      A   

B --------0----------3-------2--------------------------------- | 
G ------1---1------4---4---2---2------------------------------- | 
D ----2-------2--4-------2-------0----------------------------- | 
A --2---------------------------------------------------------- | 

Intro....

 E    Bm    A      (Repeat 4 times)
..............................
 E                        Bm    A
There once was a very old man who had enormous wings
 E    Bm    A
..............................
 E                        Bm    A
There once was a very old man who had enormous wings
E    Bm    A
..............................


     E                                Bm       A     E  Bm  A
They say he saw the world through the eyes of a blue dog
E                        Bm    A       E  Bm  A
There once was a man who had enormous wings


Chorus:


C#m             B                    A
It was sad, the rain had knocked him down
C#m            B             A
People came to see from all around
        E          Bm  A
He was lying there
E          Bm  A
He was lying there


E               Bm      A               E    Bm  A
His dreams are forever entangled in the mud
       E      Bm      A       E   Bm  A
He's an angel tangled in the mud
 E                Bm  A           E   Bm  A
Every soul you meet may be a stranger
       E          Bm       A              E      Bm  A
He's an angel, he must be coming for the children


Chorus:


C#m             B                    A
It was sad, the rain had knocked him down
C#m            B             A
People came to see from all around
        E          Bm  A
He was lying there

E               C                  A                              E
And though he'd like to sleep, the stars fall to the earth in heaps
             C                           A
And he's got tears in his eyes cause the town is filled
                 E
with so many spies
                        C#m
They all avert their eyes

    B                    A
The rain had knocked him down
C#m            B             A
People came to see from all around

He was lying there
C#m             B                    A
It was sad, the rain had knocked him down
        E
He was lying there

E    Bm    A       (Repeat twice)
.......................
     E                                Bm       A      E  Bm  A
They say he saw the world through the eyes of a blue dog
       E             Bm  A         E
He's an angel who had enormous wings

There once was a very old man who had enormous wings

-----------------------------------------------------------------

Chords:

     E - 022100       Bm - 224432       A - x02220- | 
     C - x32010      C#m - 446654       B - 224442- | 

"..Some have a style, that they work hard to refine..."