This is the story of Pancho and Lefty, whose lives were memorialized and immortalized in the song "Pancho and Lefty" by Willie Nelson and Merle Haggard. The story is from a written record left for posterity by Jesus "Lefty" Boehm. It is a story of friendship, adventure, murder, and betrayal.

While many of the characters and events in this story are based on real people and true events, this is a work of fiction and an indispensable read for understanding the tenor and the tide of these characters' changing times. From Ohio to Old Mexico, a trail is blazed.

A part of a larger work titled The Character of the Song, Pancho & Lefty is the second of ten short stories by author Gene Strother, pen name L.A. Holly.