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, 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 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 It's phony It's plain to see how happy I would be if you believed in me