The time has returned to the opening scene, with
Fanny in her dressing room, remembering her past
It's the day Nick gets out of prison after eighteen months
Fanny tells Ziegfeld she's ready to give up performing
if Nick asks her Nick arrives and tells her he thinks
they should split up Fanny is rocked but pretends this
is what she feels also Nick leaves, and Fanny prepares
to face the future without him:

I'll march my band out,
I'll beat my drum,
Guess we didn't make it,
At least I didn't fake it
Don't tell me not to live,
Just sit and putter,
Life's candy