I went downtown last night, gonna dig a show
Walked past the display window of a big department store
When I looked inside this window, hangin' off of the racks
Down there near the bottom was a great pair of pink peg slacks
I gotta have 'em; yeah, what I need for 'em is cash
Well well, have a lot of cash & wear crazy pink peg slacks

Well, I walked up to a salesman & said, "Mister, I'm flat broke
But I gotta have them pink slacks." He said, "What is this, man, a joke?"
Well, I asked him how much money; he said, "Add 4 & 8"
I said, "Man, them pants is crazy; them's pink pair of acetate!"
I gotta have 'em; yeah, what I need for 'em is cash
Well well, have a lot of cash & wear crazy pink peg slacks

I went to see my baby, asked her for some dough
She said, "Well, you know, I love you, honey, but what you need this money for?"
Well, I talked about them baggers I saw across downtown
She got a sawbuck from her daddy & I turned my Ford around
I gotta have 'em; yeah, what I need for 'em is cash
Well well, have a lot of cash & wear crazy pink peg slacks

Brought the Ford to a stop, rushed into the store
Said, "Man, I got a sawbuck." He said, "No, you need 2 bucks more"
I said, "What's the matter, can't I charge you?"
He said, "You don't get these things for free"
I said, "But Mister, you just don't know what those pink peggers mean to me!"
I gotta have 'em; yeah, what I need for 'em is cash
Well well, have a lot of cash & wear crazy pink peg slacks