Lost, lost, all of them lost 
They must have made the river 
But how could they have crossed 
The painted horses from the carousel ride 
All of them gone 

Lost, lost, all of them lost 
They must have made the river 
But how could they have crossed 
The painted horses from my carousel ride 
They must have carried on 

The crazy lady on the bench 
Always looking out to sea 
Says she saw them get away 
She saw them running free 
And she knows the reason why 
But she swears she'll never tell 
Some things are better left unsaid
About the carousel

And she saw their eyes burned golden 
As they galloped wild into the dazzling sun 
And doesn't it make you wonder 
Does it make you wanna say goodbye 
To the world you thought you knew 
Doesn't it make you wonder 
Or does it make you wanna close your eyes 
And pretend it is untrue 
Doesn't it make you wonder 
Doesn't it make you wonder 

Grace, grace, lady of grace 
The ticket girl chanted in her Indian lace 
Alone in the booth where there used to be lines 
But now there's only faith 
Grace, grace, lady of grace 
The ticket girl chanted in an Indian lace 
Alone in the booth where there used to be lines 
Before they ran away 

Shuttered doors flung open wide 
Leaves were blowing all around 
She just stood there mystified 
By the hoof marks on the ground 
Splintered poles and rusted nails, 
Jewelled bridles in the tide 
Vestiges of old betrayals 
From when the brass ring ruled the ride 

And she heard their eyes burned golden 
As they galopped wild into the dazzling sun 
And doesn't it make you wonder 
Does it make you wanna say goodbye 
To the world you thought you knew 
Doesn't it make you wonder 
Or does it make you wanna close your eyes 
And pretend it is untrue 
Doesn't it make you wonder 
Doesn't it make you wonder 

Trying to finish this wild song 
But who know where it ends 
Those pleasure palace fugitives 
Were never seen again. 
But the girl's still selling tickets 
Since they fixed the carousel 
There's a crazy lady on the bench 
And those of us who still remember well 
Those of us who still remember well