Lyrics:

G: Good 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 senate is giving a party on the sea-
the nuclear war will forever be banned-
it's only their kings which they have to defend.