[Verse 1]
Once I had a diamond ring but I hawked it
Once had a real fine home but they locked it
Used to have a good thing going but I knocked it

[Chorus]
That was a long time ago
It ain't that way no more
'Cause I'm down and out
Yeah, I'm down and out

[Verse 2]
Once I had a brand new car now I'm thumbin'
Used to smoke the best cigars now I'm bummin'
I never saw a bill collector now they're dunnin'

[Chorus]
That was a long time ago
It ain't that way no more
'Cause I'm down and out
Yeah, I'm down and out

[Verse 3]
I'm as a broke as the Ten Commandments
All my friends did a quick reverse
One thing about it things have got to get better
'Cause they sure can't get no worse
[Verse 4]
Well the thing that I miss the most is my baby
She left me, it almost a-drove me crazy
I used to be a real go-getter, now I'm lazy

[Chorus]
That was a long time ago
It ain't that way no more
'Cause I'm down and out
Yeah, I'm down and out

[Outro]
Down and out, baby
Down and out