[Verse 1: David Grisman]
If you go down to the woods today
You're sure of a big surprise
If you go down to the woods today
You better go in disguise
For every bear that ever there was
Will gather there for certain because
Today's the day the teddy bears have their picnic

[Verse 2: David Grisman]
Every teddy bear who's been good
Is sure of a treat today
There's lots of marvelous things to eat
And wonderful games to play
Beneath the trees, where nobody sees
They'll hide and seek as long as they please
'Cause that's the way the teddy bears have their picnic

[Bridge: David Grisman]
Picnic time for teddy bears
The little teddy bears are having a lovely time today
Watch them, catch them unawares
And see them picnic on their holiday
See them gaily gad about
They love, to play and shout, they never have any cares
At six o'clock their mommies and daddies
Will take them home to bed
Because they're tired little teddy bears
[Instrumental Break]

[Verse 3: David Grisman]
If you go down in the woods today
You better not go alone
It's lovely down in the woods today
But safer to stay at home
For every bear that ever there was
Will gather there together because
Today's the day the teddy bears have their picnic

[Outro: David Grisman]
Today's the day the teddy bears have their picnic