[Verse 1]
Had another late night last night
Had the city up in arms
Had another late night last night
Sound the fun funston alarm
The broken gems that fill our walls
Are trophies of the night's haul
This evidence is building up
But we're still laughing, we're not caught

[Chorus]
We lost the war, but won the battle
Pulled out the rug from under
We lost the war, but won the battle
They thought they had our number

[Verse 2]
The holy grail of all our treasures
Not in our hands, but in our sights
The weathered sign that taunts us saying
"Four Year Old Cheddar" tonight
We take the leap and knock it down
The lights come on, with siren's sound
We're caught for such a foolish prize
The war is lost but we're still alive
[Chorus]
We lost the war, but won the battle
Pulled out the rug from under
We lost the war, but won the battle
They thought they had our number
We lost the war, but won the battle
Pulled out the rug from under
We lost the war, but won the battle
They thought they had our number