[Joe]
A man doesn't know what he has until he loses it,
When a man has the love of a woman he abuses it,
I didn't know what I had when I had my old love,
I didn't know what I had 'till I said, "goodbye, old love!"
Yes, a man doesn't know what he has 'til it is no longer around
But the happy thought is
Whatever it is he's lost, may some day once again be found!

[Meg]
I know what you mean joe,
Only too well
For I am lonely just like you
Lonley for my joe, my sweet joe
How really sweet I never knew
I really never knew

A woman doesn't know what she has until she loses it,
When a woman has the love of a man she abuses it,
I didn't know what I had when I had my old love,

[Joe]
I didn't know what I had 'till I said, "goodbye old love!"
Yes, a man doesn't know what he has 'til it is no longer around

[Both]
But the happy thought is
Whatever it is he's/she's lost, may some day once again be found!