Lyrics:

The fragile gentle butterfly with multi-coloured wings
Settles on the toadstools in the midst of fairy rings
Midsummer sounds of tinkle bells as sweet Titania sings
Or am I dreaming?
Or am I dreaming?

And I will have a castle with a drawbridge and a moat
And light my open fires with a brand new five pound note
And go off on a winter cruise in a bright red sailing boat
Or am I dreaming?
Or am I dreaming?

Pick the golden casket and you'll get what you deserve
Yards of pure white chiffon falling in a graceful curve
Crystal-clear cut chandeliers, orchids in a bowl
Mulled wine by the fire and the finest ermine stole

The water melon moon makes gentle progress in the sky
Upside down it's floating as the satellites go by
And you can hold a conversation if you're not too high
Or am I dreaming?
Or am I dreaming?

The magic mountain music man
Is really rather shy
Or am I dreaming?