Oh! Michael, all the lines are down, it's Australia Day again,
 Everytime the wheel slows down, I think of all my friends,
 Whatever happened to the days way back (when) the world was safe
it seemed worth saving
 I'm standing here in Oxford Street, and the ghosts are howlin'
 and geez it's raining --

 I say: "don't waste time. these are the best years of our lives,"
 I say "don't waste time, these are the best years of our lives."

I wish I had been around when the Bondi Icebergs reigned
 Sometimes I sit and think of it, and I dream of better days,
 Whatever happened to the days way back, in the nineteen thirties
 All those endless parties,
 I'm still too young to understand, how it was back then
 When the party ends
 
 I say: "don't waste time. these are the best years of our lives,"
 I say: "don't waste time, these are the best years of our lives."

They say the circle turns around, there'll be better days,
 And I don't mind waiting
 I wish time had stopped ten years ago,
 But I'm learning slowly, life is always changing.
 
 I say: "don't waste time. these are the best years of our lives,"
 I say: "don't waste time, these are the best years of our lives."
Repeat