Once I lived a life of a millionaire,
Spend all my money, didn't have any care.
Took all my friends out for a mighty good time,
We bought bootleg liquor, champagne and wine.

Then I began to fall so low,
Lost all my good friend, and nowhere to go.
If I get my hands on a dollar again,
I'll hang on to it 'til that ol' eagle grins

Because nobody loves you,
When you're down and out,
In your pocket not one penny,
And as for friends you don't have many.

When you get back on your feet again,
Everybody wants to be your long lost friend.
I said it's strange without any doubt,
Nobody knows you when you're down and out.