Would you like to ride in my beautiful balloon B7/D# We could float among the stars together, you and I
For we can fly we can fly
Chorus:
Up, up and away
My beautiful, my beautiful
Balloon
Verse 2:
The world's a nicer place in my beautiful balloon It wears a nicer face in my beautiful balloon We can sing a song and sail along the silver sky For we can fly we can fly
[repeat chorus]
Bridge:
F7/Eb Suspended under a twilight canopy F7/Eb We'll search the clouds for a star to guide us
If by some chance you find yourself loving me
We'll find a cloud to hide us
We'll keep the moon beside us
Verse 3:
Love is waiting there in my beautiful balloon Way up in the air in my beautiful balloon If you'll hold my hand we'll chase your dream across the sky For we can fly we can fly
[repeat chorus]
Coda:
Balloon...
Up, up, and away [repeat to fade]
N.B. there isn't a usable guitar fingering for those add2 chords - on keyboard you'd voice them as 2nd/3rd/5th (e.g. Fadd2 =: G/A/C) in the right hand. Steely Dan would refer to this voicing years later as the "mu-major" chord.