[Verse 1]
You stave off the nightmares
And fight bad dreams when they storm through
Equestria sleeps in peace and it’s all because of you

[Chorus]
But dear Luna, who walks in your dreams when you finally fall asleep?
Dear Luna, who will look for you when you get lost in your dreams?
Dear Luna, who guards you from things that could haunt you from the deep?
Dear Luna, who will rest your fears, and help shepherd you to sleep?

[Verse 2]
We are more than grateful for every dream that you walk through
You look after us but Princess, someone’s gotta look after you too

[Chorus]
So dear Luna, who walks in your dreams when you finally fall asleep?
Dear Luna, who will look for you whеn you get lost in your dreams?
Dear Luna, who guards you from things that could haunt you from thе deep?
Dear Luna, who will rest your fears, and help shepherd you to sleep?

[Refrain]
We will, we will watch over you
We will, we will watch over you
We will, we will watch over you
We will, we will watch over you
We will, we will watch over you
We will, we will watch over you
We will, we will watch over you
We will, we will watch over you
[Bridge]
So dear Luna, you don’t need to fear what is hiding in the dark
Dear Luna, you are not alone
We are with you, please take heart

[Refrain]
We will, we will watch over you
We will, we will watch over you
We will, we will watch over you
We will, we will watch over you