I guess I fell from grace Into some other place But all my friends are here So I no longer need the reason to be clear Below the deck That's where the party is Where all the women look brand new And they're making eyes at you Well, what's a blue-eyed boy to do? When the ship goes down Don't say "I told you so" Well, Janie's really great She's got a classic face Got arms and legs for days You know, I heard she punches way above her weight Below the belt Right in the profane sacred place Since we're all in the same boat Well, I guess you oughta know The whole thing's about to blow When this ship goes down Don't say "I told you so" 'Cause when this ship goes down We'll be the first to know It was coward's night I almost felt alright No rescue boat in sight I thought I saw the transcendental light The Lord above We let him decide Of course, the Lord above said no And there was only one place left to go To that fire down below When this ship goes down Don't say: I told you so 'Cause when this ship goes down We'll be the first to know Yeah, when this ship goes down We'll be the first to know