[Verse 1]
Say it's only a paper moon
Sailing over a cardboard sea
But it wouldn't be make-believe
If you believed in me

[Verse 2]
Yes, it's only a canvas sky
Hanging over a muslin tree
But it wouldn't be make-believe
If you believed in me

[Verse 3]
Without your love
It's a honky tonk parade
Without your love
It's a melody played in a penny arcade

[Verse 4]
It's a Barnum and Bailey world
Just as phony as it can be
But it wouldn't be make-believe
If you believed in me

[Instrumental Break]
[Verse 5]
Without your love
It's a honky tonk parade
Without your love
It's a melody played in a penny arcade

[Verse 6]
It's a Barnum and Bailey world
Just as phony as it can be
But it wouldn't be make-believe
If you believed in me