Once I lived the life of a millionaire
Spent all my money, I just did not care
Took all my friends out for a good time
Bought bootleg whiskey, champagne and wine

Then I began to fall so low
Lost all my good friends, I did not have nowhere to go
If I get my hands on a dollar again
I'm gonna hang on to it till that eagle grins

'Cause no, no, nobody knows you
When you're down and out
In your pocket, not one penny
And as for friends, you don't have any

When you finally get back upon your feet again
Everybody wants to be your old long-lost friend
I said, "It's mighty strange, without a doubt
Nobody knows you when you're down and out, yeah"

When you finally get back upon your feet again
Everybody wants to be your good old long-lost friend
Said, "It's mighty strange, yeah
Nobody knows you, nobody knows you
Nobody knows you when you're down and out"