You 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

Hangin' 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

[scats]

It's a Barnum and Bailey world

Just as phony as it can be

But it wouldn't be make believe

Just wouldn't be a make believe

[scats]

If you believed in me