There's a girl who lives down the track In a little shack made of timber wood And her clothes are all hand-me-downs From the folks in town who treat her so good Though she hasn't got a dime I'm so proud that she's all mine 'cause to me she's a princess in rags Now her dad, he's a worn-out man Prayin' if he can make enough to eat And her mom cleans for everyone Till the day is done just to make ends meet All her wealth is in her charms And the sweetness of her arms How I love my poor princess in rags I know some day I'll find a way To take her out of this old place I'll work and slave, scrimp and save To change her rags to silk and lace Though it hurts and my body aches From the pain it takes just to set things right But for now I must be content With each moment spent in her arms each night She's the only girl for me And some day it's gotta be Just me and my princess in rags She's the only girl for me And some day it's gotta be Just me and my princess in rags