| On the day we lost the America’s Cup
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| And the glory slipped away
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| I went for a walk in the city
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| To see what the man in the street might say
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| I found a likely lookin' chap
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| Who agreed to talk with me
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| He wore a beret and coal-black shades
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| And Billy go-go Tee
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| There’s news from Newport sir says I
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| I give it you to straight
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| Australia won the America’s Cup
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| We had too little too late
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| The little guy turns his lamps on me
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| All blood-shot red and blue
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| You say we lost the America’s cup
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| Did we lose the saucer too
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| He said, I did not know we lost the cup
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| I tell you one thing more
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| I didn’t know we had the cup
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| What the damn thing’s for
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| For sailing boats — you’re putting me on
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| And them Captain Andy hats
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| And they called that rub-a-dub-dub a race
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| Hell I could walk as fast that
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| You say Australia won the cup
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| You tell me what it cost
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| One thing you ain’t told me Jack
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| Is who it is that lost
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| Yeah, who are the souls who lost the cup
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| And had to let go
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| The New York Yacht Club did you say
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| Please tell me it ain’t so
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| So the New York Yacht Club blew the tin
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| And the flag at half-mast waves
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| Jack, please excuse my lack of tears
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| But some of them cats owned slaves
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| They got houses big as Rhode Island
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| They got blood as blue as the sky
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| And I hope they wore their Sunday best
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| To kiss the cup goodbye
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| We had the cup how long you say
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| A hundred and thirty-two years
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| And now Australia won the cup
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| And filled it with Foster beers
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| And now the yacht club’s dark and cold
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| And now it’s draped in black
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| I hope it takes ‘em it twice as long
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| To get the damn thing back
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| Yeah I feel for all them yacht club studs
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| Says the little guy to me
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| The sight of that empty trophy case
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| Will be a heavy sight to see
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| It must be hell to lose the cup
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| When you had it for so long…
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| He took his saxophone out of its case
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| And he played a sad little song…
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| It went |