It's only a paper moon,
Sailin over a cardboard sea,
But it wouldnt be make believe,
If you believed in me!

Yes, it's only a canvas sky,
Hangin over a muslin tree,
But it wouldnt be make believe,
If you believed in me!

Without your love,
Its a honky-tonk parade,
Without your love,
Its a melody played in a penny arcade!

It's a Barnum and Bailey world,
Just as phoney as it can be,
But it wouldnt be make believe,
If you believed in me!

Without your love,
Its a honky-tonk parade,
Without your love,
Its a melody played in a penny arcade!

It's a Barnum and Bailey world,
Just as phoney as it can be,
But it wouldnt be make believe,
If you believed in me!