He stands towering over me beside my bed
  Losing his head
  Tells me I must take him seriously
  Droning on the usual way
  He's such a clever guy
  And I wonder should I laugh or cry
    He's (he's) dressed (dressed) in the striped pajamas that I bought
  Trousers too short
  Gives (gives) me (me) of his small philosophy
  Carries on the way he does
  And me I get so tired
  And I wonder should I laugh or cry
  High and mighty his banner flies
  A fool's pride in his eyes
  Standin' there on his toes to grow in size
  (All I see is)
  All I see is a big balloon
  Halfway up to the moon
  He's wrapped up in the warm and safe cocoon
  Of an eternal lie
  So should I laugh or cry
    Strange (strange) how (how) dangerously indifferent I have grown
  Cold as a stone
  No (no) more (more) pain where there was pain before
  Far away he rambles on, I feel my throat go dry
  And I wonder should I laugh or cry
    High and mighty his banner flies
  A fool's pride in his eyes
  Standin' there on his toes to grow in size
  (All I see is)
  All I see is a big balloon
  Halfway up to the moon
  He's wrapped up in a warm and safe cocoon
  Of an eternal lie
  So should I laugh or cry