Say, it's only a paper moon
Sailing over a cardboard sea
But it wouldn't be make believe
If you believed in me

Yes, it's only a canvas sky
Hanging over a muslin tree
But it wouldn't be make believe
If you believed in me

Without your love it's a honky tonk parade
Without your love it's a melody played in a penny arcade
It's a Barnum and Bailey world
Just a phony as it can be

But it wouldn't be make believe
If you believed in me