Say it's only a paper moon
Sailing over a cardboard sea
But it wouldn't
Be make believe
If you believed in me
Yes it's only a canvas sky
Hanging over a muslin 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 a 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
Say it's only a paper moon
Sailing over a cardboard sea
But it wouldn't
Be make believe
If you believed in me
Yes it's only a canvas sky
Hanging over a muslin 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 a 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
But it wouldn't
Be make believe believe
If you believed in me