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 as phony as it can be
But it wouldn't be made believe, if you believed in me.