[Verse 1]
It's only a paper moon
Sailing over a cardboard sea
But it wouldn't be make-believe
If you believe in me
Yes, it's only a canvas sky
Hanging over a muslin tree
But it wouldn't be make-believe
If you believe in me

[Bridge]
Without your love
It's a honky-tonk parade
Without your love
It's a melody played in a penny arcade

[Verse 2]
It's a Barnum and Bailey world
Just as phony as it can be
But it wouldn't be make-believe
If you believe in me

[Bridge]
Without your love
It's a honky-tonk parade
Without your love
It's a melody played in a penny arcade
[Outro]
It's a Barnum and Bailey world
Just as phony as it can be, yeah
But it wouldn't be make-believe
If you believe in me