Flying overhead 
Jet stream of old regret
White smoke of a could-have-been

In the charcoal light
What echoes in my warring mind
Are the sorrows for what I did
Said it’s fine, Paul, it really is

And it’s hanging on my chest
Like a truth I can’t confide
Covered up just like all the rest
My old dreams, they get lost inside

But they’re underneath my feet 
In the carpet of my old room
Told ‘em build ‘em high
And it crumbles on New Year’s Eve
 
It ain’t easy to decide 
In the line before the ride
Was it you who always said 
Wave goodbye to the old regret
Say goodnight, now, that’s all you get
Wave goodbye to the old regret

A new year comes, another fades away
Forgive me, love, for giving it away
A new year comes, and love, what can I say
Forgive me, love

Flying overhead
Old resentments long since dead
Still they hover above my bed
 
Underneath our feet
Is the person I thought I’d be
We’ll leave it in a lie
Let it crumble on New Year’s Eve

It ain’t easy to decide 
In the line before your life. 
Was it you who always said 
“Wave goodbye to the old regret?”
Say goodnight, now, that’s all you get
Wave goodbye to the old regret!

A new year comes, another fades away
Forgive me, love, for giving it away
A new year comes, and love, what can I say?
Forgive me, love

Flying overhead
Just dreaming what comes next
Wave goodbye to the old regret
Say goodnight, now, that’s all you get
Wave goodbye to the old regret