I'm always chasing rainbows
Watching clouds drifting by
My schemes are just like all my dreams
Ending in the sky
Some fellows look and find the sunshine
I always look and find the rain
Some fellows make a winning sometimes
I never even make a gain
Believe me, I'm always chasing rainbows
Waiting to find a little bluebird in vain

I'm always chasing rainbows
Watching clouds drifting by
My schemes are just like all my dreams
Ending in the sky
Some fellows look and find the sunshine
I always look and find the rain
Some fellows make a winning sometimes
I never even make a gain
Believe me, I'm always chasing rainbows