Rags old iron rags old iron
Rags old iron rags old iron
I heard an old rag man now making his rounds
Comin right down my alley with sorrowful sounds
Crying rags old iron and pulling his cart
I asked him how much he'd give me for my broken heart
Rags old iron rags old iron
All he was buying was just rags and old iron

I asked that old rag man how much he would pay
For a heart that was broken when you went away
For a burnt out old love light that no longer beams
And a couple of slightly used second hand dreams
Rags old iron rags old iron
All he was buying was just rags and old iron

Whatever he’d offer I would happily take
For the big empty promises you used to make
For the memories of you that are no longer sweet
I just wish he could haul them all off down the street
Rags old iron rags old iron
All he was buying was just rags and old iron

When love doesn't last then how much is it worth?
It was once my most precious possession on earth
Now I asked that old rag man if he'd like to buy
But he just shook his head and continued to cry
Rags old iron rags old iron
All he was buying was just rags and old iron
Rags old iron rags old iron
Rags old iron rags old iron