[Stu Mackenzie]
I just woke up from a dream
I was in a place I'd never been, or never seen
So I packed up my horse; everything seemed sweet
Found the closest speakeasy and ordered a stiff drink

Fuck, I never thought I'd lose my mind
I s'pose sanity is easy to lose and hard to find
Hey, and can you hear that tintinnabulation?
Are all the bats in the belfry again?

[Cook Craig]
A landborn illusion breaks the ocean's surface
Is this mental confusion or have I finally found my purpose?
Coconut congas playing in time with the waltz of a tortoise
A symphony of delusion as my thoughts finally realize their purpose
I hope this place is here in the morning
Or I'll be floating back to the land with the water bloated corpses
That palm tree's looking at me funny with a sideways belligerence
A symphony of delusion as my thoughts realize their ignorance

[Stu Mackenzie]
Paranoia's umbra grows
Is that laughter or a crow?
Every rustle in the trees; a potential snare
Close my eyes and block my ears
Cut the cord and leave me here

[Stu Mackenzie & Ambrose Kenny-Smith]
Phantom (phantom)
Island (Island)
Phantom (Phantom)
Yeah!
Island (Island)
Woo!

[Stu Mackenzie]
Am I chasin' shadows?
Reality superimposed
Every footprint in the sand
Every crackle of dry leaves
Every wave that breaks too close
Every whisper on the breeze
Every shape inside a cloud
Every star that's out of place
Everything that I believe
Throw it all into the sea and be free

[Ambrose Kenny-Smith]
Sixteen horses galloping
Twelve long years of grabbing
Grappling the bull by its horns
I can feel it in my loins
The crippling moon wash cycle
The laughing river, rising flood
The flip of the coin
It's another turning point

Phantom island, insane asylum
Phantom island, insane asylum
I'm the drover, cattle dog
The lame and laggard, one true god

Let your bygones be bygones
Bow down to Set and Typhon
The long lagoon of rhythmic hooves
Bound and stampede running through the...

Phantom island, insane asylum
Phantom island, insane asylum
Phantom island, insane asylum
Chanting sirens ringing clear

The palm trees' heads are banging
Stuck inside a mental siege
Godspeed
The shore cliff hanging
We must retreat back to sea

Phantom, phantom, phantom, phantom...