Wave the Old World goodbye
   It's time to say hello to the New World
   Praying it will be right
   That the world may soon see the light
   I'll be waving, oh waving
   And I'll be waiting...
  
   Sure the old folks have tried
   But now it's time for us in the New World
   Pray that it will be right
   That the earth don't turn out the lights
  
   Wave the Old World goodbye
   It's time to say 'goodnight' to the Old World
   Let's pray that it will be right
   So the world will soon see the light
  
   I'll be waving, oh waving
   And I'll be waiting, oh waiting this night
  
   It's time to say 'goodnight' to the Old World
   It's time to say 'hello' to the New World
   And wave the Old World goodbye....
  
   I'll be waving, oh waving
   And I'll be waiting, oh waiting this night
  
   It's time to say 'goodnight' to the Old World
   Time to say to say 'hello' to the New World
   And wave the Old World goodbye... tonight