I went downtown last night to dig a show
Walked past the display window of a big department store
When I looked inside this window, hangin' on the racks
Down there near the bottom was a great pair of pink peg slacks
Gotta have 'em; what I need for 'em is cash
Well, have a lot of cash & wear crazy pink peg slacks

I walked up to a salesman & said, "Mister, I'm flat broke
But I gotta have them pink slacks!" He said "What is this, man, a joke?"
I asked him how much money; he said "Add 4 & 8"
I said "Man, them pants is crazy, them's pink pair of acetate!"
Gotta have 'em; what I need for 'em is cash
Well, have a lot of cash & wear crazy pink peg slacks

I went to see my baby, asked her for some dough
She said "Well, you know I love you honey, but what you need this money for?"
I told about them baggers I saw across downtown
She got a sawbuck from her daddy & I turned the Ford around
Gotta have 'em; what I need for 'em is cash
Well, have a lot of cash & wear crazy pink peg slacks

Brought the Ford to a stop, rushed into the store
I said "Man, I got a sawbuck"; he said "Sorry, you need 2 bucks more"
I said "What's the matter, can't I charge you?" He said, "Man, you don't get these things for free"
I said "But mister, you just don't know what those pink peggers mean to me!"
Gotta have 'em; what I need for 'em is cash
Well, have a lot of cash & wear crazy pink peg slacks