(harold arlen, billy rose, e y harburg)

Said it is only a paper moon
Sailing over a cardboard sea,
But it wouldn't be make believe
If you believed in me

Say it is only a canvas sky
Hanging over a muslin tree,
But it wouldn't be make believe
If you believed in me

Without your love,
It's a honky-tonk parade
Without your love,
It's a melody played in a penny arcade

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

~interlude~

Without your love,
It's a honky-tonk parade
Without your love,
It's a melody played in a penny arcade

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