Mr. Phillips was the only man Jerry Lee still would call sir
Then I guess Mr. Phillips did all of y'all about as good as you deserve
He did just what he said he's gonna do and the money came in sacks
New contracts and Carl Perkins' Cadillac

I got friends in Nashville, or at least they're folks I know
Nashville is where you go to see if what they said is so
Carl drove his brand new Cadillac to Nashville and he went downtown
This time they promised him a Grammy, he turned his Cadillac around

'Cause Mr. Phillips never blew enough hot air
To need a little gold plated paperweight
He promised him a Cadillac and put the wind in Carl's face
He did just what he said he's gonna do and the money came in sacks
New contracts and Carl Perkins' Cadillac

Dammit Elvis, I swear son I think it's time you came around
Making money you can't spend ain't what being dad's about
You gave me all but one good reason not to do all other things you did
Now Cadillacs are fiberglass, if you were me you'd call it quits

If Mr. Phillips was the only man that Jerry Lee still would call sir
I guess Mr. Phillips did all of y'all about as good as you deserve
He did just what he said he's gonna do and the money came in sacks
New contracts and Carl Perkins' Cadillac
Carl Perkins' Cadillac