[Produced By: Daniel Lanois & Paul Mills]

[Verse 1]
It was just like him, he had to pick
A boat gone from dowdy to derelict
In half a dozen years of searching for an owner
She maybe left her heart in the harbour mud
But she really caught his at the flood
And he wonders how she knew that she was waiting for a loner
Blue Dolphin, built by the Rhuland men
She's lying on the bottom again
With only him to care the Bluenose had a sister
He lost the house and he sold the car
His wife walked out, so he hit the bars
And hit up every friend to raise the Blue Dolphin

[Chorus]
And even afloat she's a hole in the water where his money goes
Every dollar goes and it's driving him crazy
He pounds his fists white on the dock in the night
And cries, "I'm gonna win!"
And licks the blood away
And he's gonna raise the Dolphin

[Interlude]
[Verse 2]
Blue Dolphin's lying like a wounded whale
She's hungry for a scrap of a sail
To get her underway, back to salt water
Now there's a man lying spent in the winter sun
He wonders what the hell he has done
And who would ever pay to save his schooner daughter

[Chorus]
For even afloat she's a hole in the water where his money goes
Every dollar goes and it's driving him crazy
He pounds his fists white on the dock in the night
And cries, "I'm gonna win!"
And licks the blood away
And he's gonna raise the Dolphin
And even afloat she's a hole in the water where his money goes
Every dollar goes and it's driving him crazy
He pounds his fists white on the dock in the night
And cries, "I'm gonna win!"
And licks the blood away
And he's gonna raise the Dolphin