Johnny:This town is full of guysWho think they're mighty wiseJust because they know a thing or twoBobby:You'll meet them night and dayStrollin' up and down BroadwayTelling of the wonders they can doJohnny:Oh, sing it, Bobby boy!Bobby:I just did!Johnny:There's con men and there's boostersBobby:There's card sharks and crapshootersJohnny:They congregate around the MetropoleBobby:If I knew what that meant I would agree with himThey wear flashy ties and collarsJohnny:Yes, but where do they get there dollars?Both:They all have got an ace down in the holeJohnny:Yes, and some of them writeTo the old folks for coinAnd that is their ace in the holeBobby:And others have friends on the old TenderloinThat's their old ace in the holeJohnny:Why, they'll tell you of tripsThat they're going to makeFrom FloridaTo the North PoleBobby:The fact is their name would be mudJust like a chum playin' studBoth:If they lost that old ace in the holeJohnny:Oh, yes, now, some of them writeYou'll find a lot of them write to theBobby:Just a minute, just a minute, let the man play his piano soloJohnny:But, I want to sing tenor!Bobby:I don't really care if you sing ten or twenty minutes, after he's through playin' pianoJohnny:Listen too 'em, I think I make it better than he doesBobby:Well, that's the nastiest remark I've ever heardBoth:Listen now, if you don't like the way I sing, why don't you singI think ...Sing Melancholy Baby! Sing something! ...Bobby:Why they tell you of the tripsThey're gonna makeOver to FloridaAll the way up to the North PoleJohnny:Oh, it's sad, sadBobby:Volare!!Johnny:But, their names would be mudBobby:Like a chump playin' studBoth:If they lostThat old aceAce in the holeBobby:Have another drink