Who wants a nice white elephant,
Quite fit in wind and limb?
An ornament for any gent
Who can find use for him.
It won't pay us to kill the cuss;
But we can't afford his keep.
Who wants a nice white elephant?
We'll sell or lease him cheap.

Who wants a nice white elephant?
He'd make a lovely pet.
In rich, fat days we loved his way,
But in these times of fret
He's sort of grown too big for us
To fondle, groom and feed.
Who wants a fine white elephant
Of most exclusive breed?

Who wants a nice white elephant?
Of noble lineage he.
His breed is by State Jealousy
Out of Prosperity.
The rich years thro' he grew and grew,
And, ah, we loved him so.
But we can't afford his bed and board,
And we'd like to let him go.

Who'll buy a nice white elephant?
No decent bid refused.
We love him yet, altho' our pet
Has often been abused.
But come on, gents, walk up, walk up.
Our funds, alas, are scant.
Altho' we once were sold a pup
Who'll buy an elephant?