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

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

[Verse 2]
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

[Bridge]
Say it's only a paper moon (Say it's only you)
Sailing over a cardboard sea (Wouldn't you believe?)
But it wouldn't be make-believe (If you believed in)
If you believed in me (Me)
Yes, it's only a canvas sky (Sailing over a sea)
Hanging over a muslin tree (Wouldn't you just believe?)
But it wouldn't be make-believe
If you believed in me
[Outro]
Without your love
It's a honky tonk parade
Without your love
It's a melody played in a penny arcade