Cash in your pension check, I'll be around
About half past seven and we'll cruise downtown
Light up a joint and try to get stoned
In the parking lot of the old folks' home
We'll sit in my '56 Thunderbird
Cool as a breeze not saying a word
Then we'll stroll thru the door as the band hits the stage
And we'll rock & roll waltz right into old age
With my hands in my pockets of my faded Levis
And my greasy grey hair I'll go hang out with the guys
Play a little pinball, shoot a little pool
And pretend we're still the punks we were back in school
And you go gossip with the girls for awhile
Scandalize someone who's growing senile
Then we'll get together later when the music is sweet
And I'll rock & roll waltz you right off your feet
When the band takes a break we'll drop a few dimes
In the jukebox and sing along with old times
Turn up the volume on our hearing aids
And talk about the backseat love that we made
When I was a teenage werewolf and you
Were the homecoming queen, ah Peggy Sue
About all we got now is the tap of our canes
As we rock & roll waltz right down memory lane
Things'll start jumping after midnight
When the Hell Angels drop in to start a few fights
They'll drive thru the front door and we'll all stop to stare
At their customized, motorized wheelchairs
They'll all be talking like Wolfman Jack
They'll pour lots of beer down each others' backs
False teeth'll be flying and survivors testifying
As we rock & roll waltz thru a few heart attacks
And when it's all over we'll all be half dead
We'll drag ourselves home, spend the whole week in bed
But we'll be back on our feet when they turn on the lights
For that rock & roll waltz next Saturday night
Old rock & rollers don't die, they just fade out