don't call pretty peggy    she can't hear you no more    don't leave no message 'round her back door    they say the old laughing lady been here before    she don't keep time    she don't count scores    you can't have a cupboard if there ain't no walls    you got to move, there's no time for you to stall    they say the old laughing lady dropped by to call    and when she leaves she leaves nothing at all    see the drunkard of the village falling off the street    can't tell his ankles from the rest of his feet    he loves his old laughing lady    'cause the taste is so sweet    but the laughing lady's loving    ain't the kind he can keep    there's a fever on the freeway    blacks out tonight    there's a slipping on the stairway    that don't feel right    there's a rumbling in the bedroom    and a flashing light    there's the old laughing lady    everything is alright    there's the old laughing lady    everything is alright