Mike is just funking out very, very low. Very nice, very cool transition. Just kickass grooving, in my opinion. The interplay between the band members is Dead-like in its gloriousness. Trey is soloing masterfully above this sweeeet accompaniment from Page on the clav and Mike looooow on his 'doc.
Vocal jam comes in very softly, VERY softly, within twenty seconds or so, as usual.
Nothing Small Furry Creatures about this vocal jam at all.