(Chorus 1)
[GAYLORD]
Only make believe I love you
Only make believe that you love me
Others find peace of mind in pretending;
Couldn't you? Couldn't I? Couldn't we
Make believe our lips are blending
In a phantom kiss or two or three?
Might as well make believe I love you
For to tell the truth, I do

(Verse)
[GAYLORD]
Your pardon I pray
'Twas too much to say
The words that betray my heart

[MAGNOLIA]
We only pretend
You do not offend
In playing a lover's part
The game of "just supposing" is the sweetest game I know
Our dreams are more romantic than the world we see

[GAYLORD]
And if the things we dream about don't happen to be so
That's just an unimportant technicality
[MAGNOLIA]
Though the cold and brutal fact is
You and I have never met
We need not mind conventions, p's and q's
If we put our thoughts in practice
We could banish all regret
Imagining what sweet ending we choose

(Chorus 2)
[MAGNOLIA]
We could make believe I love you
We could make believe that you love me

[GAYLORD AND MAGNOLIA]
Others find peace of mind in pretending;
Couldn't you? Couldn't I? Couldn't we

[GAYLORD]
Make believe our lips are blending
In a phantom kiss or two or three?

[GAYLORD AND MAGNOLIA]
Might as well make believe I love you
For to tell the truth, I do