You 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, its 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 You say its only a paper moon Sailing over a cardboard sea But it wouldn't be make believe if you believed in me Yes, its 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