The b1 structure function is an observable feature of a spin-1 system sensitive to non-nucleonic components of the target nuclear wave function. The contributions of exchanged pions in the deuteron are estimated and found to be of measurable size for small values of x. A simple model for a hidden-color, six-quark configurations (with~ 0.15% probability to exist in the deuteron) is proposed and found to give substantial contributions for values of x>0.2. Good agreement with Hermes data is obtained. Predictions are made for an upcoming JLab experiment. The Close & Kumano sum rule is investigated and found to be a useful guide to understanding various possible effects that may contribute.