Well go ahead, Ronnie, well, turn yourself in
Sit and tell us all your sins
Take a big, old slug of my gin
'Cause this is where the party begins

Bye-bye Ronnie, Ronnie goes to jail
Nancy hocks her furs for bail
Oral Roberts, he prays for your money in the mail
Well, Ronnie, your ass is on the rail

You knew about Iran all the while
Now you wanna claim that you're just senile?
Sorry, Dutch, you'll be cruising
No more cabinet meeting snoozing
Bye-bye, Ronnie!

Bye-bye Ronnie, Ronnie goes to jail
Nancy hocks her furs for bail
Jimmy Baker, he prays for your money in the mail
Well, Ronnie, your ass is on the rail

We won't have to hear your boast
Now that your ass is in the roast
We'll be partying coast to coast
To this is what we drink and toast
Well, bye-bye, Ronnie
Well, bye-bye, Ronnie
You go to hell