While hinting at romantic intentions, the lyrics offer eccentric ideas about purchases one would make with a million dollars. The protagonist suggests all the things he would buy for his sweetheart were he a millionaire. Ed Robertson and Steven Page share the vocals: in the verses, it is a call-and-response vocal with Page responding to the lines Robertson starts; in the choruses, Robertson and the rest of the band repeat the harmonized title line while Page responds to the line with further spending ideas.