It can be played with a capo on 1 but you dont need it. 
This version doesn't need the Capo.
C5    G#Maj    D#Maj     A#5
3------4--------6---------1--
4------4--------8---------3--
5------5--------8---------3--
5------6--------8---------3--
3------6--------6---------1--
x------4--------x---------x--



C5
Out in the everglades
G#Maj                          D#Maj
Sleeping in with the poor is a fortune for the brave,
A#5          C5
I can easily say that we will never change
G#Maj                 D#Maj                  A#5
But be implacable and never lose your flames.

C5                                              G#Maj
Wouldn't you say that the world has spit on you enough.
D#Maj               A#5
Unanswered prayers, sleeping under streetlights
C5                                             G#Maj   D#Maj            A#5
And I don't understand the danger of talking them up,  Talking them up
C5
Every night,
            G#Maj
You salvage every skyline,
D#Maj                                  A#5       C5
Only enough so that you might have the chance to feel fine.
             G#Maj             D#Maj
Nooooooooaaahhhoooooooo.
    A#5                C5
The chance to feel fine.