Underneath the arches
We dream our dreams away
Underneath the arches
On cobblestones we lay
Back to back we're sleeping
Tired out and worn
Happy when the daylight comes creeping

Heralding the dawn
Sleeping when it's raining
And sleeping when it's fine
Trains rattling by above
Pavement is my pillow
No matter where I roam
Underneath the arches
We dream our dreams of home
(Not quite sure of that last line. It may be just a repeat of the second)