This town is full of guys Who think they're mighty wise Just because they know a thing or two. You'll meet them night and day Strollin' up and down Broadway Telling of the wonders they can do. There's con men and there's boosters. There's card sharks and crapshooters. They congregate around the Metropole. If I knew what that meant I would agree with him. They wear flashy ties and collars. Yes, but where do they get there dollars? They all have got an ace down in the hole.
Yes, and some of them write To the old folks for coin And that is their ace in the hole. And others have friends on the old Tenderloin That's their old ace in the hole. Why, they'll tell you of trips That they're going to make From Florida To the North Pole. Why they will brag about trips They're gonna make Over to Florida All the way up to the North Pole. But, their names would be mud. Like a chump playin' stud. If they lost That old ace Ace in the hole.