She stands on her corner in her lipstick and rouge Her fishnet stockings and her stiletto shoes It's half past midnight, she waits all alone The towns d**hly quiet and she is chilled to the bone There's Peter, the preacherman, in an alley off Main He's ranting and raving about Jesus and sin Nobody hears him with his face to the snow It's Christmas down on Water Street and it's fifteen below CHORUS Their eyes once held sunlight, they sparkled like gold
And now there is just sadness, they're empty and cold There's kids and there's angels on trees over toys And there's Christmas down on Water Street Peter and Joy It's four in the morning Joy gives up the ghost Peter's speed dialing the heavenly host She strolls through the alley says Peter it's time to go To that ten dollar motel where the wind doesn't blow REPEAT CHORUS