To learn Tom Waits - Ol 55 chords, grasp the musical fabric of the song with this sequence - F, Bb, Dm, Eb, F, Bb, Eb and Bb of chords. Ease into the song by practicing at 35 BPM before reaching the track's full tempo of 70 BPM. Adapt the capo setting considering your vocal range, with reference to the key: F Minor.