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