| Eb | I'm an | Icelandic cowboy |
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| Ab | Eb | On my | Icelandic | pony. |
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| Cm | F | Bb | I travel | around in the | west. | |
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| Eb | Ab | Eb | I | know all the ways | around Snæfells | nes, |
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| Bb | Eb | 'Cause that's where my | baby | stays. |
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| Ab | Eb | And I've | been to the | west. |
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| Cm | F | Bb | I've been to the | north and the | south. | |
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| Eb | Ab | Eb | | Once I met there an | old polar | bear, |
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| Bb | Eb | But I found out he | had a big | mouth. |
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| Ab | | That's why I'm singing |
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| Eb | For you, | forgotten cowboys, |
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| Bb | Eb | | Forgotten cowboys of the | world. |
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| Ab | Eb | | Come to Iceland, | 'cause it's a nice land |
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| Bb | Eb | | And you can shake the shepherd's | hand. |
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| Ab | Eb | And | if you come to | Iceland |
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| Bb | Eb | You can | join the local | band. |
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