[Verse 1]
He wants to dream like a young man
With the wisdom of an old man
He wants his home and security
He wants to live like a sailor at sea

[Chorus]
Beautiful loser
Where you gonna fall when you realize
You just don't need it all?

[Verse 2]
He's your oldest and your best friend
If you need him, he'll be there again
He's always willing to be second best
A perfect lodger, a perfect guest

[Chorus]
Beautiful loser
Read it on the wall and realize
You just don't need it all
Hey, you just don't need it all

[Bridge]
You don't need it all
Oh, don't need it all
You can try
But you can't have it all, oh, Lord, no
He'll never make any enemies, enemies
He won't complain if he's caught in a freeze, yeah
He'll always ask, he'll always say please
[Chorus]
Beautiful loser
Never take it all 'cause it's easier
And faster when you fall
Ah, you just don't need it all
You just don't need it all

[Outro]
You just don't need it all