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