Party hat and satin dress

Silver paper curled in her long black hair

Tapping one small elegant shoe in time

Oh, the way she plays with them

Smile at one, then dance with another

Pretty soon they're forming up a line

And she's laughing, laughing into 1939

Oh, laughing, laughing into 1939

Oh, the party draws them in

It breathes and moves

To a life its own

In its arms it's gathering all time

From the dark he watches her

Moving in and out of the bobbing crowd

If she even notices, she gives no sign

And she's laughing, laughing into 1939

Oh, laughing, laughing into 1939

For tonight is New Year's Eve

Uncork your spirits and welcome it in

Who knows what it's got up its sleeve

Can't wait for it all to begin

Stand by the girl with the purple balloon

The look in her eyes just lights up the room

In the corner of her smile

She'll be seeing you soon

Under a mistletoe moon

Out on to the balcony

Come the King and Queen

And the crowd go wild

He's a little bit nervous

But that's just fine

And they're laughing, laughing into 1939

Oh, laughing, laughing into 1939