Lyrics:

G: Godd evening
This is Mr. Gorbachev-
R: Hello
Gorby
This is the White House
Ronald Reagan speaking-
G: Hello
My old friend
How are you today ?
R: Fine ! It's time for our daily chess-match
Are you ready ?
G: Yes
My last move yesterday was the Queen from A6 to B6-

They both send their weapons into space-
Their people's problems they seem to displace-
The arms-race is what they can't negotiate-
Why ain't it chess about what they debate ?

What went wrong on the Gulf of Iran ?
Why did the Russians invade Afghanistan ?
Why not save the money for the armaments

And be chess-partners in the turnament ?

Reagan and Gorbachev play chess on T.V.-
The senat is giving a party on the sea-
The nuclear war will forever be banned-
It's only their kings which they have to defend.