Lyrics:

Well, it's only a paper moon
Sailing over a cardboard sea
But it wouldn't be make believe
If you believed in me
And it's only a canvas sky
Hanging over a muslim 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 the penny arcade, babe
It's a Barnum and Bailey world
Just as phony as it can be
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 the penny arcade
It's a Barnum and Bailey world
Just as phony as it can be
But it wouldn't be make believe
If you believed in me
(Paper moon)