I'm happy, so happy walking on air
The wire, the way for is someone I care for
I'm yellin', I'm tellin' folks everywhere
I know that she loves me so what do I tell

There's a rainbow 'round my shoulder
And a sky of blue above
Oh the sun shines bright, the world's all right
'Cause I'm in love

There's a rainbow 'round my shoulder
And it fits me like a glove
Let it blow and storm, I'll be warm
'Cause I'm in love

Hallelujah, how the folks will stare
When they see that great big solitare
That my little sugar baby is goin' a wear
[ Lyrics from: http://www.lyricsfreak.com/a/al+jolson/theres+a+rainbow+round+my+shoulder_20806300.html ]
Yes sir, there's a rainbow round my shoulder
And a sky of blue above
And I'm shouting so the world will know
That I'm in love

There's a rainbow 'round my shoulder
And a sky of blue above
Oh the sun shines bright, the world's all right
'Cause I'm in love

There's a rainbow 'round my shoulder
And it fits me like a glove
Let it blow and storm, I'll be warm
'Cause I'm in love

Hallelujah, how the folks gonna stare
When they see that great big solitare
That my little sugar, my baby is goin' a wear

Yes sir, there's a rainbow 'round my shoulder
And a sky of blue above
And I'm shoutin so the world will know
That I'm in love