Kanji:
ケーキ、ケーキ、まぁるいケーキ
まぁるいケーキはだぁれ？

ケーキはさやか？

ちーがーう
私はラズベリー
まぁるいケーキは赤い
ケーキは杏子？

ちーがーう
あたしはリンゴ
まぁるいケーキはベベが好き
ケーキはマミ？

ちーがーう
私はチーズ
まぁるいケーキは転がる
ケーキは暁美さん？

ちがっ…います
私はかぼちゃ
まぁるいケーキは甘いです
ケーキはまどか？
ちーがーう
私はメロン
メロンが割れたら甘い夢

今夜のお夢は苦い夢
お皿の上には猫の夢
丸々太って召し上がれー！

Romaji:
Kēki, kēki, maarui kēki
Maarui kēki wa daare?
Kēki wa Sayaka?
Chi - ga - u
Watashi wa razuberī
Maarui kēki wa akai
Kēki wa Kyoko?
Chi - ga - u
Atashi wa ringo
Maarui kēki wa Bebe ga suki
Kēki wa Mami?
Chi - ga - u
Watashi wa chīzu
Maarui kēki wa korogaru
Kēki wa Akemi-san?
Chiga… imasu
Watashi wa kabocha
Maarui kēki wa amai desu
Kēki wa Madoka?
Chi - ga - u
Watashi wa meron
Meron ga waretara amai yume
Kon'ya no o yume wa nigai yume
O sara no ue ni wa neko no yume
Marumaru futotte meshiagare!
English:
Big cake, round cake, right in front of me
Who do you think this cake could be?

Modu Modu, du bebe?

No, it's not me
I'm just a little, old, raspberry
That big, round, cake's too red, don't you know?
Could the cake be Kyoko?

No, not me
I'm the juicy apple in this story
That big round cake loves Bebe, can't you see?
Is the cake Mami?

No, it's not me
I am the cheese
This big, round, cake is tumbling, you see
Could the cake be Homura?

N-no, not me
I'm the pumpkin, full of seeds
This big, round, cake looks sweeter than sweets
Could the cake be Madoka?
No, it's not me
I'm the melon, don't you see?
When you slice the melon, it will bring you sweet dreams

So why is the dream so bitter all late?
'Cause the kitty's dream is the one on the plate
It's so plump, it's gonna taste great!