Lyrics:

[Spoken Intro: Sammy Davis Jr. & Carmen McRae]
Brrr, ah, that's nice, now we're inside. Did you have a good time tonight, Carmen?
Oh, I had a wonderful time, Sam
Oh, good, well, I figured it'd be so much nicer here than outdoors, you know, where the fireplace is going. It's nice, it's cozy, it's warm and nice...

Ah, but, it's cold outside

[Spoken interlude: Sammy Davis Jr.]
Now, that's nicer isn't it? We've got the magazines all put away. We're all comfy and warm and... well, Carmen, now...

Ah, but it's cold outside