Rags old iron rags old iron All he was buying was just rags and old iron I heard that old rag man now making his rounds He came right to my alley Lord with sorrowful sounds Crying rags old iron and pulling his cart Ask him how much he'd give me for my broken heart Rags old iron rags old iron All he was buying was just rags and old iron So I asked that old rag man how much he would pay For a heart that was broken baby when you went away For a burnt out old love light that no longer beams And a couple of slightly used second hand dreams Rags old iron rags old iron All he was buying was just rags and old iron For those big empty promises you used to make For those memories of you that are no longer sweet I wish he could haul them off down the street Rags old iron rags old iron All he was buying was just rags and old iron When love doesn't last tell me what is it worth It was once mama's most precious possession on earth When I asked that old rag man if he'd like to buy He just shook his head and continued to cry