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