Lyrics in German and (English):
Ein Prosit, ein Prosit (A toast, a toast)
Der Gemütlichkeit (To cheer and good times)
Ein Prosit, ein Prosit (A toast, a toast)
Der Gemütlichkeit (To cheer and good times)

OANS! ZWOA! DREI! G'SUFFA! (ONE! TWO! THREE! DRINK UP!)

Phonetic guide to the German pronunciation:
Ayn praw-seet, ayn praw-seet
Dare gay-moot-lich-kite
Ayn praw-seet, ayn praw-seet
Dare gay-moot-lich-kite!

OWNS! ZWO! DRY! GE-SUFA!