Walked past the display window of a big department store
 When I looked inside this window, hangin' on the racks
 Down there near the bottom was a great pair of pink peg slacks
 Gotta have 'em; what I need for 'em is cash
 Well, have a lot of cash & wear crazy pink peg slacks

 I walked up to a salesman & said, "Mister, I'm flat broke
 But I gotta have them pink slacks!" He said "What is this, man, a joke?"
 I asked him how much money; he said "Add 4 & 8"
 I said "Man, them pants is crazy, them's pink pair of acetate!"
 Gotta have 'em; what I need for 'em is cash
 Well, have a lot of cash & wear crazy pink peg slacks

 I went to see my baby, asked her for some dough
 She said "Well, you know I love you honey, but what you need this money for?"
 I told about them baggers I saw across downtown
 She got a sawbuck from her daddy & I turned the Ford around
 Gotta have 'em; what I need for 'em is cash
 Well, have a lot of cash & wear crazy pink peg slacks

 Brought the Ford to a stop, rushed into the store
 I said "Man, I got a sawbuck"; he said "Sorry, you need 2 bucks more"
 I said "What's the matter, can't I charge you?" He said, "Man, you don't get these things for free"
 I said "But mister, you just don't know what those pink peggers mean to me!"
 Gotta have 'em; what I need for 'em is cash
 Well, have a lot of cash & wear crazy pink peg slacks