Once I lived the life of a millionaire

Spent all my money

I'm a did not care

Take all my friends out for a mighty good time

Buying bootleg whiskey

Champagne and wine

When I began to fall so low

I didn't have a friend

And no place to go

If I ever get my hands on a dollar again

I'll hold on to to the eagle grins

Nobody knows you when you're down and out

In your pocket

Not one penny

And your friends

You haven't any

But soon as you get back up on your feet again

Everybody wants to be your long-lost friend

It's mighty strange

Without a doubt

Nobody wants you when you're down and out

When you're down and out

Not one penny

And my friends

I haven't any

So low

Nodody wants to need run the door

Without a doubt

No gals can use you when you're down and out

I mean when you're down and out