What was I thinking, what was I thinking, what was I thinking,
   what could I have been thinking.
   It's going one time, it's going two times, sold to the gent
   who wears the stunned expression.
   As I took it off their hands, a five pound note was changing hands.
   I had plans, I had plans
  
   Now that I own the BBC
   What am I supposed to do with that thing
   Now that I own the BBC
   What am I supposed to make of this thing
  
   All this power, all this glory, all these DJ's and all these lorries
   What was I thinking, what was I thinking, what was I thinking
   What could I have been thinking
   Hey Rupert Murdoch, help me out
   I'm flying blind, I'm flying blind
   You know the way to lay things out, for the refined and unrefined.
  
   Now that I own the BBC
   What am I supposed to do with that thing
   Now that I own the BBC
   What am I supposed to make of this thing
  
   Hey Ted Turner, help me out
   I'm flying blind, I'm flying blind
   You know the way to lay things out, to colorize and still feel fine.
  
   Now that I own the BBC
   What am I supposed to do with that thing
   Now that I own the BBC
   What am I supposed to make of this thing
  
   Make of it what you will, make of it what you will, make of it what you will
   make of it what you will
   Should we go brighter, should we go lighter, should we go whiter
   Go left or righter
   What was I thinking, what was i thinking, what was I thinking
   I wasn't thinking, what could I have been thinking.
  
   Now that I own the BBC
   What am I supposed to do with that thing
   Now that I own the BBC
   What am I supposed to make of this thing
  
   Make of it what you will, make of it what you will, make of it what you will
  
   Now that I own the BBC
   What am I supposed to do with that thing
   Now that I own the BBC
   What am I supposed to make of this thing