[Verse 1]
Once I lived the life of a millionaire
Spendin' my money, I didn't care
I carried my friends out for a good time
Buyin' bootleg liquor, champagne and wine
Then I began to fall so low
Didn't have a friend and no place to go
But if I ever get my hands on a dollar again
I'm gonna hold on 'til them eagles grin

[Verse 2]
Nobody knows you
When you're down and out
In my pocket, not one penny
And as for friends, I haven't any
But if I ever get on my feet again
Then I'll meet my long-lost friends
It's mighty strange without a doubt
Nobody knows you when you're down and out
I mean, when you're down and out

[Guitar Solo]

[Verse 3]
Mmm
When you're down and out
Mmm, not one penny
And as for friends, I haven't any
Mmm, I done fell so low
Nobody wants me around their door
Mmm, without a doubt
No man can use you when you're down and out
I mean, when you're down and out