Goodnight sweetheart, 'til we meet tomorrow
Goodnight sweetheart, sleep will banish sorrow
Tears and parting may make us forlorn
But with the dawn a new day is born

So I'll say goodnight sweetheart, though I'm not beside you
Goodnight sweetheart, still my love will guide you
Dreams involve you and in each one I'll hold you
Goodnight sweetheart, goodnight

The day is over and it's cares and woes
In peaceful sweet repose, will fade and die
A dreamy dreamland beckons you and me
How happy life would be if we could dream forever

[spoken]:

So I'll say goodnight sweetheart
Even though I'm not, I'm not always right beside you
I'll still say goodnight, goodnight sweetheart
I want you to know that my love, my love will always guide you

And dreams involve you, in each one I'll hold you
Goodnight sweetheart, goodnight