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 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 melodrama
Nobody play, can I play your games?
It's a Bonham and Bailey world, just as funny as it can be
But it wouldn't be make-believe if you believed in me
Yes, it's only a paper moon, sailing over a cardboard sea
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 melodrama


Without your love, it's a melody play
And a penny a game
It's a Bonham and Bailey world, just as funny as it can be
But it wouldn't be make-believe if you believed in me
It's funny, it's plain to see, how happy I would be
If you believed in me
If you believed in me