[Verse 1: George Strait]
I've got some good news, can't wait to tell you
I realized I missed you, since we've been apart
I just needed time to make up my mind
But I'm in love with you with all my heart
I've got some good news

[Verse 2: Lee Ann Womack]
I got some bad news, I don't know how to break to you
I found someone new since we been apart
I had too much time and he took you off my mind
And I'm in love with him with all of my heart
I've got some bad news

[Verse 3: George Strait, Lee Ann Womack, both]
And I guess all is fair in love and war
Someone wins, but someone wins more
You never know what time will do
All I know is I've got some good news
I've got some bad news