Last night I lay a sleeping,
there came a dream so fair:
I stood on Sydney Harbour,
many thousand people there.
In great anticipation
and intemperate delight,
as the Y2K exploded
through that Sydney summer night!
The Y2K exploded
through that Sydney summer night!
Millennium! Millennium!
All hail the Y2K!
From the great Olympic city,
in the great Olympic way!

And then the dream was changed,
I lay awake in my hotel.
One very nasty headache,
the hangover from hell!
I couldn't help remembering
the year now gone before,
how the IOC had blundered
and the sponsors slammed the door,
The IOC had blundered
and the sponsors slammed the door!
Millennium! Millennium!
What does the future hold?
Will it be a right fiasco?
Will Australia win gold?

And once again the scene was changed:
The great event had been.
Olympic Park was empty.
The hotel suites were clean.
The air fares were exorbitant,
but all the flights were packed.
The scandals had imploded,
the IOC were sacked.
The great Olympic city
hung beneath a cloud of debt,
For such extravaganza
that the world would not forget,
for such extravaganza
that the world would not forget!
Millennium! Millennium!
How soon you came and went!
We played, we won, we lost, we're done!
Our money's all been spent!
We can't afford another one,
nor any such event!