Once i lived the life of a millionaire Spent all my money just did not care Took all my friends out for a good time Bought bootleg whisky champagne and wine Then i began to fall so low Lost all my good friends i did not have nowhere to go If i get my hands on a dollar again I'm going to hang on to it till that 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 finally get back upon your feet again Everybody wants to be your good old long lost friend Said it's mighty strange without a doubt Nobody knows you when you're down and out