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Once I lived the life of a millionaire
Spendin' my money, honey, I didn't care
Takin' my friends out for a good time
Buyin' bootleg liquor, champagne and wine
Then I begin to fall so low
I didn't have no money and nowhere I could go
I ever get my hands on a dollar again
I'm gonna hold onto it until the eagle grin
Because no, nobody knows you
Well, when you're down and out
In your pocket not one penny
And all your fine fair-weather friends
You don't have any
But soon as you commence
To get upon your feet again
Well, don't you know they'll be your friend
It's mighty strange without a doubt
Nobody can use you when you're down and out
Play the blues
And all your former friends
Let me tell you they don't come 'round
You sittin' there in your own house
Just as big as life
They're all boppin' by like you're out of town
But soon as you get upon your flat feet again
You better believe they'll be your friend
It's mighty strange, it's a dirty low-down shame
Nobody knows you when you're down, baby, and out
And that's a fact