She went down last October in a pouring driving rain.
The skipper, he'd been drinking and the Mate, he felt no pain.
Too close to Three Mile Rock, and she was dealt her mortal blow,
And the Mary Ellen Carter settled low.

There were just us five aboard her when she finally was awash.
We'd worked like hell to save her, all heedless of the cost.
And the groan she gave as she went down, it caused us to proclaim
That the Mary Ellen Carter would rise again.

Well, the owners wrote her off; not a nickel would they spend.
She gave twenty years of service, boys, then met her sorry end.
But insurance paid the loss to us, they let her rest below.
Then they laughed at us and said we had to go.

But we talked of her all winter, some days around the clock,
For she's worth a quarter million, afloat and at the dock.
And with every jar that hit the bar, we swore we would remain
And make the Mary Ellen Carter rise again.